As of June 2026, Acwa holds a portfolio of 98.2 GW of power generation capacity and 9.7 million cubic meters of water desalination capacity per day across 16 countries. In September 2026, an Acwa-led consortium reached commercial operation at The Red Sea, the world’s largest off-grid renewable utilities system, avoiding 600,000 tons of CO2 a year at full capacity. In July 2026, the company received exclusive approval from the Saudi government to export green hydrogen and its derivatives to international markets. In August, it signed an agreement with Emerging Power Inc. to build up to 5,000 MW clean energy platform by 2030 in the Philippines. Serhan became CEO in 2026, having served as president overseeing Saudi Arabia and the Middle East since 2025.