ACWA Power opens innovation hub in China

09/03/2025 Argaam
Logo ofACWA Power Co.

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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