ACWA Power’s business portfolio poised to double in 5 years: CEO

Marco Arcelli, CEO of ACWA Power Co.

ACWA Power Co.’s business portfolio doubled in size during the last three years, CEO Marco Arcelli stated, expecting another twofold gain over the coming five years, as the company keeps progressing on a larger scale and with a stronger impact.

“What we have achieved so far in 2025 is a testimony to the size of our operations and the resilience of our business model and long-term partnerships,” Arcelli added in a statement on ACWA Power’s Q2 2025 financial results.

“Our growing portfolio, backed by frameworks like our strategic partnership with the Public Investment Fund, as well as our ambitious expansion into new markets, and other long-term strategic agreements for future energy transition programs, are pillars that embody our commitment to ensuring cleaner and more sustainable future,” he continued.

ACWA Power earlier reported a 2% decrease in the H1 2025 net profit to SAR 909 million, from SAR 926.8 million in the year-earlier period. In Q2 2025, the three-month earnings also fell 23.6% on an annual basis to SAR 481.8 million, Argaam’s data showed.