Saudi energy company Acwa Power is exploring new investment opportunities in Morocco as it seeks to expand its presence in renewable energy, seawater desalination and green hydrogen projects.
The Saudi utility giant, one of the region’s leading developers of power and water infrastructure, said it is assessing several opportunities in the North African country as part of its broader strategy to grow its international clean energy portfolio.
Omar Alaoui Mhamdi, Acwa Power’s country manager in Morocco, said the company remains focused on expanding renewable energy projects while also evaluating future investments in desalination and green hydrogen technologies.
Acwa’s flagship project in Morocco is the Khalladi wind farm, which began operations in 2018 and was the company’s first wind energy project worldwide. Located in northern Morocco, the facility has an installed capacity of nearly 120 megawatts and generates enough electricity annually to supply around 400,000 people.
The company recently secured approval to expand the project’s capacity by approximately 40 megawatts through an investment of around 550 million Moroccan dirhams ($60 million). The expansion is expected to be completed within the next two years to meet growing industrial demand for renewable electricity.
Acwa Power said the wind farm continues to deliver strong operational performance, exceeding key availability targets and serving industrial customers through long-term power supply agreements.
The Saudi company has invested around $3 billion in Morocco and currently operates several renewable energy projects, including the Noor Ouarzazate Solar Complex and solar facilities in Laayoune and Boujdour.
Acwa is also among the companies selected by Moroccan authorities to participate in the first phase of green hydrogen investment projects. Discussions remain ongoing before implementation moves forward.
The expansion plans come as Acwa Power continues to strengthen its position as one of the world’s largest private-sector investors in power generation, desalination and energy transition projects. The company operates across 15 countries and manages assets valued at more than $124 billion, with a significant share of its portfolio dedicated to renewable energy.
The latest investment plans underline Saudi Arabia’s growing role in advancing clean energy development beyond its borders while supporting regional efforts to diversify energy sources and accelerate the transition to more sustainable technologies.
