Acwa enters into strategic partnership with EIG for US energy infrastructure

ACWA POWER
2082 -1.96% 155.10 -3.10

Riyadh – Mubasher: Acwa Power Company has signed a strategic partnership agreement with EIG Management Company to invest in energy infrastructure within the US, according to a bourse disclosure.

Under the terms of the agreement signed on 28 October 2026, Acwa will hold a 49% stake in the partnership, while EIG will maintain a 51% controlling interest.

The long-term collaboration aims to evaluate and execute direct development and acquisition opportunities for power generation and energy storage assets.

The partnership will utilize Acwa’a technical expertise in operations and development alongside EIG’s institutional experience in energy financing and investment.

Capital injections for future projects will be subject to agreed governance frameworks and individual transaction approvals.

EIG is a global institutional investor with $27.10 billion in assets under management as of 30 June 2026. The firm has invested over $55 billion in the energy sector across 429 projects or companies in 44 countries over its 44-year history.

Acwa further stated that the signing of this agreement is not expected to have a material financial impact, and any future transactions will be disclosed separately.

The Saudi listed company recently announced its collaboration with UAE-based  Dubai Electricity and Water Authority (DEWA).

Source: Mubasher Source: {{details.article.source}}