Riyadh – Mubasher: ACWA Power Company and Bapco Energies signed a joint development agreement to establish a solar power plant integrated with large-scale battery energy storage technology in the Eastern Province of Saudi Arabia.
The announcement of this strategic agreement took place during the Saudi–Bahraini Coordination Council meeting held in December 2025, according to a press release.
Under the partnership, the two companies are committed to developing a solar power plant with a projected generation capacity of up to 2.80 gigawatts (GW) over several phases.
All the electricity generated will be transmitted to the load center of Bapco Energies in Bahrain, supporting the kingdom’s national energy needs and accelerating its transition to renewable energy sources.
Raad Al Saady, Vice Chairman and Managing Director of ACWA Power, commented: “The project aligns not only with Vision 2030 but also with Bahrain’s Economic Vision 2030 and its national ambitions to expand clean energy and accelerate its net-zero pathway.”
“We take this opportunity to extend our sincere appreciation to the Ministry of Energy in Saudi Arabia for its continued guidance. ACWA Power is proud to help advance a project that strengthens regional energy security and accelerates the shift to renewable power,” Al Saady added.
On his part, Mark Thomas, Group CEO of Bapco Energies, commented: “By working alongside ACWA Power, Bapco Energies is taking a bold step to ensure long-term energy security for the Kingdom of Bahrain while unlocking the power of renewables.”
The project aligns with Bapco Energies’ commitment to the Bahrain National Energy Strategy to improve energy demand efficiency, diversify the national energy mix, including renewables and ensure secure and competitive access to energy.
The agreement serves as another building block in strengthening energy partnerships across the GCC region, as it supports cross-border clean energy flow.
As for ACWA Power, this project further expands its global portfolio of renewable energy assets and reinforces its leadership in driving the energy transition across the region and beyond.
Regarding its financial position, the Saudi company generated 2.01% higher net profits at SAR 1.28 billion in the first nine months (9M) of 2025, versus SAR 1.25 billion in 9M-24.
