ACWA Power enters China with acquisition of over 1.25 GW wind power portfolio
ACWA Power has agreed to acquire stakes in a portfolio of onshore wind projects in China totaling approximately 1.25 GW, including one operational asset and four projects under construction.
Transaction date:
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 1,250 MW
- Transaction price
- Not disclosed
- Buyer
- ACWA Power
- Country
- China
- Region
- Multiple provinces
- Continent
- Asia
- Development status
- Operational, Under construction
- PPA
- n.a.
Technology details
Wind power portfolio comprising one operational onshore wind project with a capacity of 250 MW and four additional onshore wind projects under construction with a combined capacity of 1,000 MW. Handover of the under-construction assets is subject to completion and achievement of commercial operation.
Additional information
This transaction marks ACWA Power’s formal entry into the Chinese renewable energy market under its China Strategy. The acquisition supports the company’s ambition to scale its global renewable platform and aligns with its target to triple assets under management to approximately USD 250 billion by 2030.
Source
Compiled by Renewables.digital from public announcements.