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Saudi Arabia’s ACWA Power signed agreements with 9 Chinese entities on matters related to clean energy and renewables. These agreements will lay the foundation for the “financing, investment and construction” of ACWA Power’s clean and renewable energy projects. The memorandums of understanding were signed during the 1st China Arab Summit and it comes in light of Saudi Arabia and China signing deals in several sectors including green energy and information technology amongst others. The Chairman of ACWA Power said, “we are in a unique position to support both the energy transition and economic transformation envisioned by Saudi Arabia’s forward-looking and iconic Vision 2030, as well as China’s Belt and Road initiative."

Saudi ACWA Power Signs Deals With 9 Chinese Entities On Clean Energy, Renewables

Saudi Arabia’s ACWA Power signed agreements with 9 Chinese entities on matters related to clean energy and renewables. These agreements will lay the foundation for the “financing, investment and construction” of ACWA Power’s clean and renewable energy projects. The memorandums of understanding were signed during the 1st China Arab Summit and it comes in light of Saudi Arabia and China signing deals in several sectors including green energy and information technology amongst others. The Chairman of ACWA Power said, “we are in a unique position to support both the energy transition and economic transformation envisioned by Saudi Arabia’s forward-looking and iconic Vision 2030, as well as China’s Belt and Road initiative.”

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