ACWA Power chooses Tawazun by Ahya for stream-lined access to its environmental portfolio

RIYADH, Saudi Arabia — March 12, 2026 — ACWA Power the region’s largest renewable energy provider and a leader in the energy transition, has partnered with Ahya Technologies Saudi Arabia ("Ahya") to join as a verified Seller on Tawazun, Ahya’s AI-enabled voluntary carbon market-place (VCM). Through this partnership ACWA Power shall provide access to its verified environmental attributes such as voluntary emission reductions (VERs) and renewable energy certificates (RECs) from a global portfolio.

The collaboration marks a significant step in operationalizing the carbon markets within the Kingdom of Saudi Arabia, aligning with Vision 2030 and the Kingdom’s growing role in the global climate economy. By choosing Tawazun, ACWA Power secures a streamlined, digital route to market for its environmental assets, leveraging Ahya’s infrastructure to connect high-integrity environmental attributes from the Global South with international institutional carbon markets.

This partnership marks a pivotal milestone in Ahya's expansion into the Kingdom of Saudi Arabia — deepening its presence in one of the region's most strategically important climate markets. It directly accelerates Ahya's mission to reduce 100 million tCO₂e across MENAP, bringing the region's untapped carbon assets into the global compliance and voluntary ecosystem at scale.

The agreement serves as a foundation for future collaboration, with ACWA Power utilizing Tawazun’s AI-driven verification and aggregation capabilities to ensure all listed credits meet the highest standards of global compliance.

About ACWA Power

ACWA Power is a developer, investor and operator of power generation, desalinated water and green hydrogen production plants. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 15 countries in the Middle East, Africa, Central Asia and Southeast Asia. The company’s portfolio comprises 111projects in operation, under construction, or in advanced development with an investment value of SAR 430.5 billion (USD 114.8 billion) and the capacity to generate 93.1 GW of power and produce 9.3 million m³/day of desalinated water.