Saudi’s ACWA Renewables sells 49% stake to China’s Silk Road Fund
The Chinese state-owned infrastructure investment fund, which already has strong ties to the Saudi power company, will be a major shareholder in a Middle East and African clean energy portfolio that adds up to 1668 MW of generation capacity.
ACWA reinforces solar partnership with Huawei and signs Belt and Road deal
The Saudi energy company and Chinese inverter maker and comms firm will team up to use information and communications technology to improve the performance of the former’s PV plants.
ACWA Power sells 24% stake in 700 CSP project to Chinese concern
The Saudi-based energy company has sold a 24.01% stake in its 700 MW CSP project to China’s Silk Road Fund.
