Saudi Arabian ACWA Power has signed agreements with nine Chinese entities that will lay the ground for financing, investment and construction of the utility provider’s global clean and renewable energy projects in Saudi Arabia, as well as in the Belt and Road Initiative countries. The memorandums of understanding (MoUs) were signed during the 1st China Arab Summit and coincided with Chinese President Xi Jinping’s visit to the kingdom that began on Thursday.The strategic partners from China include Industrial and Commercial Bank of China (ICBC), Bank of China, SPIC Huanghe Hydropower Development Company, China Southern Power Grid International, Power China International Group, China Energy International Group, Jinko Solar Company, Sungrow Power Supply Company and Jolywood Solar Technology Company, ACWA Power said in a statement on Friday. Mohammad Abdullah Abunayyan, Chairman of…
Saudi ACWA Power signs deals with 9 Chinese entities on clean energy, renewables
