ACWA Power to Acquire 1.25 GW Wind Power Portfolio in China, Expanding its Renewable Energy Presence
This acquisition significantly strengthens ACWA Power's foothold in the competitive Chinese renewable energy market.
ACWA Power is acquiring a 1.25 GW wind power portfolio in China, comprising a 250 MW operational site and 1 GW of projects under construction, as part of its expansion strategy.
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.
This acquisition significantly strengthens ACWA Power's foothold in the competitive Chinese renewable energy market. It demonstrates a clear execution of their aggressive expansion strategy in China, positioning them as a major foreign investor in the country's clean energy sector and advancing their goal of 20 GW by 2030.
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https://www.enerdata.net/publications/daily-energy-news/acwa-power-strengthens-china-presence-125-gw-wind-acquisition.html
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