Acwa Power Forms U.S. Infrastructure JV With EIG
Riyadh, Saudi Arabia — Acwa Power has signed a joint venture agreement with EIG Management Company to pursue power generation and energy storage investments across the United States. Acwa will hold a 49% stake in the partnership, while EIG takes a 51% controlling interest. The agreement was signed on October 28, 2026. The deal pairs […] The post Acwa Power Forms U.S. Infrastructure JV With EIG…
Riyadh, Saudi Arabia — Acwa Power has entered into a joint venture agreement with EIG Management Company to explore power generation and energy storage investments in the United States. Acwa will hold a 49% stake, while EIG controls 51% of the partnership. Signed on October 28, 2026, the agreement aims to evaluate acquisition and organic development opportunities in U.S. power infrastructure.
The partnership operates under a perpetual contract, with capital deployment contingent upon agreed governance standards and transaction-level approvals. EIG, with 27.1 billion USD in assets (as of June 30, 2026), brings investment, financing, and platform-building expertise to the deal.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
