Power generation specialist ACWA Power (ACWA) will showcase its range of climate solutions at the ongoing COP27 climate conference held in Egypt.
The Saudi Arabia-based company will hold a private event on the 14th November under the theme ‘Innovation Day’.
During the event, the company will detail its efforts to implement giga-scale projects globally, such as the Neom Green Hydrogen Company (NGHC) – a joint effort with Air Products and NEOM to build the world’s large at-scale green hydrogen production plant.
Coinciding with COP27’s ‘Water Day’, the company will also hold panel sessions that focus on its water desalination technologies that ACWA say are reducing energy consumption by over 70%.
Having started out in 2004, ACWA has since pivoted from conventional power and water towards low-carbon solutions. Today, two-thirds of the company’s global assets comprise of low carbon or renewable energy projects.
As part of its plan to become Net Zero by 2050, ACWA has committed to phasing out its carbon-intensive projects, which saw the decommissioning of Al Shuaibah IWPP, an oil-fired facility responsible for producing nearly 10m tonnes of carbon emissions each year.
The company’s involvement with renewable energy extends to its 1.5GW Sudar PV IPP in Saudi Arabia, Shuaa Energy 3 in the United Arab Emirates and the NOOro Complex in Morocco.
According to ACWA, the NGHC project will provide up to 650 tonnes per day of green hydrogen when commissioned in 2026.
Earlier this month the company made its first venture into Southeast Asia having agreed to build two floating solar PV facilities. At a cost of around $105m, the projects will accelerate Indonesia’s National General Energy Plan, which includes a focus on green hydrogen production.
By producing green hydrogen and utilising carbon capture and storage (CCS) technologies, Indonesia aims to reduce emissions by 32%.
Commenting on its entry into the Indonesian energy market, Clive Turton, Chief Investment Officer at ACWA, said, “For companies like ACWA Power, who are intent on the energy transition, this country is an exciting market as there is government support, an understanding of global challenges, considerable demand and an urgent need to supply the country’s numerous residents.”