Acwa (formerly ACWA Power) is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants with a presence in 14 countries across the Middle East, Africa, and Central and Southeast Asia.
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Every dollar of investment in renewables creates three times more jobs than in the fossil fuel industry. The IEA estimates that the transition towards NetZero emissions will lead to an overall increase in energy sector jobs: while about 5 million jobs in fossil fuel production could be lost by 2030, an estimated 14 million new jobs would be create. According to the World Health Organization (WHO), about 99 percent of peoplein the world breathe air that exceeds air quality limits and threatens their health, and more than 13 million deaths around the world each year are due to avoidable environmental causes, including air. Renewable energy actually is the cheapest power option in most parts of the world today. About $7 trillionwas spent on subsidizing the fossil fuel industry in 2022, including through explicit subsidies, tax breaks, and health and environmental damages that were not priced into the cost of fossil.
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ACEN have business entities that carry out operations of power generation in renewable and thermal energies. North Luzon Renewables owns and operates an 81 MW wind farm in Pagudpud, Ilocos Norte.
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