AcquisitionCanonical—
ACWA Power to Acquire 1.25 GW Wind Power Portfolio in China, Expanding its Renewable Energy Presence
Saudi Arabia's ACWA Power is expanding its presence in China by acquiring a 1.25 GW wind power portfolio. This includes a 250 MW operational site and four projects under construction totaling 1 GW. This move is part of ACWA Power's broader strategy to invest up to US$50 billion in China by 2030, with a goal of developing 20 GW of clean energy assets in the country, following its initial entry into the market in December 2024.
