Logo of ACWA Power Co.
ACWA Power Co. launched its first overseas innovation center in Shanghai’s Pudong New Area, China, at an initial investment of CNY 20 million ($2.8 million), according to a statement on Tadawul today, March 9.
The hub will focus on five key sectors: photovoltaics, wind power, energy storage, green hydrogen, and seawater desalination. It includes a research and development (R&D) center and a green energy laboratory.
The facility has also joined the Open Innovation Consortium, a government-backed program in Pudong.
ACWA Power entered the Chinese market in early 2025, with over 1 GW of renewable projects across multiple provinces. It plans to invest up to $30 billion in China.
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