ACWA Power signs multiple clean energy agreements with Chinese firms

Company has a history of fruitful collaborations with Chinese companies

Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has recently signed strategic Memoranda of Understanding (MoUs) with two Chinese firms to bolster collaboration in China and globally in areas including green hydrogen and ammonia, global renewable energies, and integrated smart energies.

The agreements were signed with state-owned China Southern Power Grid International Company and clean energy integrated solution provider MingYang Smart Energy Group Limited, during the recently concluded China (Guangdong)–Saudi Arabia Economic and Trade Cooperation Conference in Riyadh, according to a press statement.

“ACWA Power is committed to contribute the energy transition under Vision 2030, and we believe that our partnership with Chinese companies is essential to this effort as they have played a significant role in the development of renewable energy in Saudi Arabia,” stated Mohammad Abunayyan, Chairman, ACWA Power, in his keynote address.

ACWA Power has a history of fruitful collaborations with Chinese companies such as installing the largest wind turbine in Central Asia with China Energy Engineering Corporation (CEEC); awarding the EPC contract for Rabigh 4 desalination project with a consortium of Power China, SEPCOIII, and WETICO, a press communique concluded.