Saudi Arabia’s ACWA Power brings its renewable energy expertise to COP29 in Azerbaijan, aiming to foster global partnerships and accelerate the green energy transition

ACWA Power, a global leader in power generation and desalinated water solutions, has been named an energy and water partner for COP29, the international climate summit taking place in Azerbaijan. The company, renowned for spearheading green hydrogen projects and water desalination technologies, will participate in the summit’s Green Zone, a space dedicated to showcasing private sector climate innovations. This role further underscores ACWA Power’s growing influence in the renewable energy landscape, as it actively supports global efforts toward reducing reliance on fossil fuels and transitioning to cleaner energy sources.

ACWA Power’s CEO, Marco Arcelli, stressed the importance of the company’s involvement at COP29. “We believe that tackling this global challenge demands a paradigm shift in how we provide water and energy to our world. We must act fast to continue the transition away from fossil fuels while providing reliable, competitive and sustainable supplies,” said Arcelli. He also highlighted the strategic significance of Azerbaijan as a bridge between Central Asia and Europe for the development of green energy sources. This region, rich in renewable potential, is positioned to benefit from ACWA Power’s innovations in green molecules and sustainable power generation, where the company has achieved industry-leading costs and reliability.

Founded in 2004, ACWA Power has expanded its operations across Africa, Central Asia, and Southeast Asia, aligning itself with global climate change objectives set out by the UN. With its participation in COP29, ACWA Power aims to collaborate with other global leaders, industries, and climate advocates to push forward initiatives that accelerate the energy transition and support the achievement of Net Zero goals. The company has made significant strides in developing green hydrogen, a clean energy source touted as vital in reducing carbon emissions and meeting long-term climate targets.

As the world’s largest private provider of water desalination services, ACWA Power has become a key player in global sustainability efforts. Its participation at COP29 will offer an opportunity to showcase its innovations in green energy and highlight its contributions to the global energy transition. The company’s desalination plants, which provide fresh water in areas with limited natural water resources, are also critical in tackling water scarcity in many regions.

ACWA Power’s involvement in COP29 signifies a broader shift towards including private sector leaders in the fight against climate change. By bringing its expertise to the global stage, ACWA Power hopes to foster meaningful collaborations with international partners and demonstrate the power of private investment in achieving sustainability goals. The company’s participation will also allow it to engage with policymakers and other stakeholders to ensure that climate policies reflect the urgent need for renewable energy solutions.

Beyond its technological advancements, ACWA Power’s role at COP29 will also involve discussing the future of energy infrastructure. With its experience in large-scale projects, the company is well-positioned to contribute to global discussions on how to scale up renewable energy systems efficiently and affordably. This includes exploring new opportunities in hydrogen technology, which has been identified as a key component in the decarbonisation of various industries, particularly in sectors where electrification is challenging.

COP29, hosted by Azerbaijan, is set to be a crucial event in the global climate action calendar, drawing leaders from around the world to address pressing issues such as carbon reduction, green energy, and sustainable development. The summit’s Green Zone, where ACWA Power will participate, serves as a platform for businesses to present innovative, climate-friendly solutions that can drive progress in reducing greenhouse gas emissions and combatting the adverse effects of climate change.

With its vast experience in renewable energy and water desalination, ACWA Power is expected to play a pivotal role in the summit’s discussions. The company has built a reputation for delivering cost-effective and reliable renewable energy projects, with a particular focus on solar, wind, and green hydrogen. As the world continues to seek solutions to the climate crisis, ACWA Power’s participation in COP29 demonstrates the importance of collaboration between the public and private sectors in achieving sustainable development goals.