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ACWA Power acquires Engie's stakes in Bahrain and Kuwait plants for $693M, boosting regional expansion.
Saudi Arabia's ACWA Power is buying French company Engie's stakes in four power plants and water desalination facilities in Bahrain and Kuwait for $693 million.
This includes a 4.61 gigawatt power generation capacity and 1.11 million cubic meters per day of water desalination.
The deal supports ACWA Power's strategy to expand in the region and shift towards renewable energy, aiming to triple its assets to $250 billion by 2030.
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ACWA Power adquiere las acciones de Engie en plantas de Bahréin y Kuwait por $693M, impulsando la expansión regional.