ACWA Power has acquired shares in one operational and four under-construction wind power projects.
ACWA Power Co.said it received a notification from ACWA Power China, on Dec. 29, regarding the signing of multiple share purchase agreements to acquire wind power projects in China. 
In a statement to Tadawul, the company said the projects include one operational unit with a capacity of 250 megawatts (MW) and four under construction with a combined capacity of 1,000 MW, with handover upon receipt of the operational certificate.
In December 2024, ACWA Power announced its entry into the Chinese market with a renewable energy project portfolio of 1 gigawatt (GW). Of this, 333 MW were closed after meeting the acquisition conditions and added to the company’s operating portfolio, Argaam data showed.
ACWA Power has acquired shares in one operational and four under-construction wind power projects.
ACWA Power Co.said it received a notification from ACWA Power China, on Dec. 29, regarding the signing of multiple share purchase agreements to acquire wind power projects in China.
In a statement to Tadawul, the company said the projects include one operational unit with a capacity of 250 megawatts (MW) and four under construction with a combined capacity of 1,000 MW, with handover upon receipt of the operational certificate.
In December 2024, ACWA Power announced its entry into the Chinese market with a renewable energy project portfolio of 1 gigawatt (GW). Of this, 333 MW were closed after meeting the acquisition conditions and added to the company’s operating portfolio, Argaam data showed.
