ACWA Power signs agreements with Chinese companies in renewable energies

 

ACWA Power signs agreements with Chinese companies in renewable energies

ACWA Power, a Saudi-listed energy company, has entered into significant Memorandums of Understanding (MoUs) with two Chinese firms to foster collaboration in various areas, including green hydrogen, ammonia, global renewable energies, and integrated smart energies. These agreements were signed with China Southern Power Grid International Company, a state-owned entity, and MingYang Smart Energy Group, a clean energy integrated solution provider, during the China (Guangdong) – Saudi Arabia Economic and Trade Cooperation Conference held in Riyadh on September 11.

 

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Mohammad Abunayyan, Chairman of ACWA Power, delivered a keynote speech at the conference, expressing his excitement about the growing economic cooperation between Saudi Arabia and China. He emphasized ACWA Power's commitment to contributing to the energy transition outlined in Vision 2030 and the importance of partnering with Chinese companies, which have played a significant role in the development of renewable energy in Saudi Arabia.

 

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ACWA Power has a history of successful partnerships with Chinese firms, including collaborations on projects such as installing Central Asia's largest wind turbine with China Energy Engineering Corporation and the EPC contract for the Rabigh 4 desalination project with a consortium of Power China, SEPCOIII, and WETICO. Additionally, ACWA Power has signed agreements with nine prominent Chinese entities during the 1st China Arab Summit, reinforcing its commitment to fostering innovation in local renewable energy and storage development with Huawei Digital Power.

Source: https://gulfbusiness.com/