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ACWA Power signs agreements with Italian companies for global projects

ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.

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ACWA Power has recently formalized agreements with several major Italian companies, including Cassa Depositi e Prestiti (CDP), De Nora, SACE, and Ansaldo Energia. These partnerships aim to optimize energy and industrial projects in international markets.

Targeted financing solutions

With Cassa Depositi e Prestiti (CDP), ACWA Power has established a strategic partnership to finance projects in countries eligible for official development assistance. This agreement emphasizes shared objectives, such as mobilizing financial resources and collaborating with Italian companies in global supply chains.

Additionally, SACE, the Italian export credit agency, signed two separate agreements. The first focuses on insurance solutions to facilitate Italian exports. The second establishes a framework for the supply of Italian goods and services to ACWA Power, thereby strengthening economic ties between Italy and Saudi Arabia.

Technology and industrial management

ACWA Power has also partnered with De Nora, a company specializing in water treatment technologies. The two companies will work on integrating advanced disinfection systems and other technological innovations into desalination projects.

Finally, NOMAC Holding, a subsidiary of ACWA Power, has partnered with Ansaldo Energia to develop services related to the maintenance and repair of gas turbines. This agreement, primarily targeting Africa and Asia, includes a concessional financing component to support projects in these regions.

Outlook on key markets

These agreements highlight ACWA Power’s commitment to diversifying its international partnerships and strengthening its presence in strategic markets, particularly in Africa, Central Asia, and the Middle East. These collaborations align with the company’s global ambition to triple its assets under management by 2030.

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