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ACWA Power and Huawei signed a joint initiative for the purpose of cutting down the cost of renewable energy projects. ACWA is also partnering with Huawei Digital and SEPCOIII to build a battery-based energy storage system that will have a capacity of 1,300MWH for the Red Sea Project. The initiative, part of China’s $40 bln investment in renewable energy abroad, will help Saudi in its 2030 vision goals.

ACWA Power and Huawei to Enhance Renewable Energy Projects in Saudi Arabia

ACWA Power and Huawei signed a joint initiative for the purpose of cutting down the cost of renewable energy projects. ACWA is also partnering with Huawei Digital and SEPCOIII to build a battery-based energy storage system that will have a capacity of 1,300MWH for the Red Sea Project. The initiative, part of China’s $40 bln investment in renewable energy abroad, will help Saudi in its 2030 vision goals.

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