ACWA POWER SIGNS COOPERATION AGREEMENTS WITH CHINESE PARTNERS ON THE 10TH ANNIVERSARY OF BELT AND ROAD INITIATIVE

Beijing, China – 18 October 2023: Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed seven cooperation agreements with Chinese firms during the third Belt and Road Forum in Beijing, for solar, green hydrogen and water desalination projects. The agreements reaffirm ACWA Power’s commitment to collaborative sustainable development by leveraging its ongoing partnership with Chinese investors, financiers, EPC contractors and material suppliers.

The agreements were signed with entities including State Power Investment Corporation, one of the largest state-owned power generators in China; the Beijing headquartered Bank of China; civil engineering firm Power China Group; power and infrastructure solutions provider Energy China Group; and solar panel manufacturer Jinko Solar.