Get the latest tech news
Saudi Group Announces 1 GW of Renewables as Part of $50 Billion China Investment
Saudi Arabia energy major ACWA Power announced it is developing more than 1 GW of renewable energy projects in China. The company in reports published
ACWA Power in a statement to Tadawul, the Saudi stock exchange, confirmed that the projects are sited across China and are in advanced stages of development. Yunhe Lyu, who leads ACWA’s operations in China, earlier in December said the company plans to invest as much as $50 billion to build renewable energy projects in that country by the end of this decade. Officials on Tuesday said China is the leading direct investor in Saudi Arabia for greenfield projects, with much of that money supporting solar, wind, and battery energy storage installations.
Or read this on r/technology
