en.Wedoany.com Reported - Acwa Power Philippines recently entered into a lease agreement with the Bases Conversion and Development Authority (BCDA) to develop a utility-scale solar photovoltaic and battery energy storage system project in New Clark City. Upon full development, the total capacity of solar PV and storage could reach 500 MW, with subsequent expansion subject to regulatory approval. The initial investment threshold for the project is set at a minimum of $400,000 per MW.

In May 2026, the Asian Development Bank (ADB) provided Acwa Power with a total financing package of $116 million, specifically for the development, construction, operation, and transfer of a 300 MW wind power project in the Bukhara region of Uzbekistan. The funding consists of three components: a $50 million loan from ADB's ordinary capital resources, $41 million from commercial lenders, and $25 million from ADB's Leading Asia's Private Infrastructure Fund 2 (LEAP 2).

In February 2026, Acwa Power signed an investment agreement with the Ministry of Energy and Natural Resources of the Republic of Turkey under a 5 GW intergovernmental renewable energy program. The agreement covers the development, financing, construction, commissioning, and operation of five renewable energy projects, with a total installed capacity of 5 GW.

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