-+ 0.00%
-+ 0.00%
-+ 0.00%

Acwa, EIG Establish JV to Invest in US Power Assets

MT Newswires·10/29/2026 05:26:01
Listen to the news
05:26 AM EDT, 10/29/2026 (MT Newswires) -- Acwa Power Co. (SASE:2082) formed a joint venture with US-based EIG Management Co. to acquire and develop power generation and energy storage assets in the US. The Saudi Arabia-listed utility will hold a 49% stake in the new venture and the energy and infrastructure investor will own 51%, according to a Thursday release. The partners will evaluate opportunities using Acwa's development and operating capabilities as well as EIG's investment, financing and platform-building expertise.