Saudi Arabia’s ACWA Power has inaugurated its first international Innovation Center in Shanghai, focusing on renewable energy, energy storage, and desalination—a key step in its expansion into China’s green energy sector.
📍 Shanghai Pudong New Area
- $2.8 million first-phase investment
- Features R&D facilities and a green energy laboratory
📈 ACWA Power’s Growing Presence in China
- Entered China in December, securing 1+ GW of renewable projects
- Signed $312 million in renewable deals in January
- 2030 goal: Invest $30 billion in China, aligning with plans to triple global assets to $250 billion
🔹 Key Partnerships
During the launch, ACWA Power signed two MOUs with:
✅ Gulf Renewables Laboratory
✅ Shanghai Jiao Tong University
These collaborations will accelerate research and drive sustainable solutions globally.
🛠 A Hub for Innovation & Sustainability
- The center will connect governments, enterprises, startups, and research institutions
- Supports Saudi-China environmental goals and the transition to a greener economy
🚀 A Catalyst for Future Growth
“Innovation drives success, especially in our industry. This center, combined with our partners’ expertise, will propel ACWA Power’s entire value chain forward,” – Bart Boesmans, CTO, ACWA Power
With this move, ACWA Power reinforces its global leadership in renewable energy and sustainability. 🌍🔋