ACWA Power enters China with more than 1,000 MW renewable projects
29 December 2024
Saudi Arabia’s ACWA Power has ventured into China by securing over 1,000 megawatts (MW of renewable energy projects.
The portfolio consists of multiple solar PV and wind projects, which will be owned partially/fully by ACWA Power with other partners in multiple provinces of China, the company said in a statement to the Saudi stock exchange.
The company is in the advanced stages of completing these investments, the statement said. No financial or project details were given.
Earlier this month, Executive Vice President for China Lyu Yunhe said the company intends to invest up to $50 billion in China by 2030. ACWA Power is on track to achieve 1.3 GW of renewable energy capacity in China by the end of the year, he told Bloomberg.
Related
-
Iraq approves two major energy project contracts
3 April 2025
-
Philippine province approves 300 MW of solar
2 April 2025
-
Vestas to supply 68 turbines for German offshore wind project
2 April 2025
-
Modi woos Sri Lanka with 200MW solar farm project
1 April 2025
-
Chinese tech firm plans Europe’s biggest computing centre in Malaga
31 March 2025
-
Siemens Gamesa to divest from Indian wind business and enter into strategic partnership agreement with TPG and others
29 March 2025