ACWA Power | Shapoorji Pallonji Group

Country of Origin

Saudi Arabia | India


Part of ACWA Holding | Privately Owned

government affiliation

ACWA Power

Shapoorji Pallonji Revenue

$4.2 Billion

Last Updated:

ACWA Power,[1] the Arabian Company for Water and Power Development, is a subsidiary of ACWA Holding, itself a subsidiary of Al Muhaidib Group and Abdullah Abunayyan Group, two well-reputed and diversified Saudi business houses. Other shareholders in ACWA Power include the International Finance Corporation (IFC), which belongs to the World Bank Group, and the Saudi Public Pension Agency.[2]

ACWA Power was chosen to lead the Noor Laayoune and Noor Boujdour projects, two new renewable energy solar plants in Western Sahara, as a joint project with Chint Group of China. ACWA Power was tasked with designing, financing, constructing, and maintaining the plants.[3] Noor Laayoune has a maximum capacity of 80 MW, while Noor Boujdour has a maximum capacity of 20 MW. To carry out the Noor solar projects, ACWA Power chose India’s Sterling and Wilson as a subcontractor.[4] Sterling and Wilson is a leader in electrical, solar, and mechanical projects[5] and a subsidiary of Shapoorji Pallonji Group, an Indian business conglomerate, which purchased a 51 percent stake in the company.[6]

[1] ACWA Power, “About Us: Introduction,”

[2] ACWA Power, “Shareholders,”

[3] Tom Kenning, “ACWA Power and Chint Selected to Develop 170MW Solar in Morocco,” PVTech, November 16, 2016,; Trade Arabia, “Acwa Chosen for New Solar Project in Morocco,” November 20, 2016,

[4] Sterling & Wilson, Ltd., “Sterling and Wilson Wins EPC Contract for 170 MW Solar PV Project in Morocco,” 2016,; Construction Week Online, “Sterling and Wilson Bags EPC Contract in Morocco,” November 24, 2016,

[5] Sterling & Wilson, Ltd., “About Us: Profile,”

[6] Shapoorji Pallonji Group, “Sterling & Wilson,”

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