ACWA Power signs 7 agreements with Chinese entities

Saudi utility company ACWA Power has concluded seven cooperation agreements with various Chinese companies in multiple sectors, including solar energy, green hydrogen and water desalination.
These agreements were signed during the Third Belt and Road Forum held in Beijing on Wednesday.
ACWA Power said in a press release that these agreements were signed with Chinese entities, including the State Energy Investment Corporation specializing in power generation, the Beijing-based Bank of China, and Power China Group, a civil engineering company.
The Saudi company also signed deals with other companies such as China Energy Group, an energy and infrastructure solutions provider, and Jinko Solar, a solar panel manufacturer.
Mohamed Abunayyan, Founder and Chairman of ACWA Power, said: “ACWA Power’s journey with China has been one of true friendship and fruitful cooperation, dating back years and across geographies. Over the years, we have nurtured strong relationships with key Chinese partners, enabling us to drive transformational projects.” In the fields of renewable energy, green hydrogen and water desalination.
He added: “The agreements signed today reinforce our common interest in developing projects that support positive climate ambitions.”