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Monday, July 14, 2025

Saudi ACWA Power in China: Broad strategy and large investmentsnote

ACWA Power has officially entered the Chinese renewable energy market, marking a long-term structural pivot in its global deployment strategy.

Backed by over 1 gigawatt (GW) in confirmed projects and aiming for $30-75 billion in Chinese assets by 2030, ACWA is embedding itself in China’s local infrastructure and green technology ecosystems.

This note explores ACWA’s China-focused expansion, including:

- Five-project portfolio across solar, wind, and hybrid desalination

- Strategic partnerships with Chinese state owned enterprises

- Parallel expansions in Southeast and South Asia


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