ACWA Power advances Chinese market entry with 1,250MW wind asset acquisitions


RIYADH: ACWA Power has announced significant progress in its strategic entry into the Chinese energy market, confirming that its China-based subsidiary received formal notification on Dec. 29 regarding the acquisition of wind power assets totaling 1,250 megawatts. The transaction encompasses one operational site of 250 MW and four projects under construction totaling 1,000 MW, which are subject to conditional handover upon reaching operational readiness.

Raccontata daarabnews.com