2082 · 04/11/2025 15:58:27 · Announcement #91233 · View on Saudi Exchange

ACWA Power Company announces Initial Commercial Operation of an additional 1,000MW at ArRass2 PV IPP located in Qassim Region, Saudi Arabia

Element ListExplanation
Announcement Detail ACWA Power Company announces that it has received on the 4th of November 2025 a notice from the project company “Nawwar Renewable Energy Company” located in Qassim Region, Saudi Arabia, stating that it has been granted the Initial Commercial Operation Certificate for an additional capacity of 1,000 MW bringing the total capacity of the project to 2,000MW.

ACWA Power effectively owns 50.1% stake in ArRass2 PV IPP.

The Company expects the financial impact to be reflected in Q4 2025.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.