Saudi utility heavyweight ACWA Power is pushing deeper into China’s renewable landscape, striking agreements to buy stakes in a cluster of five wind power projects across the country.
The bundle mixes steel already spinning with sites still taking shape. One wind farm, producing 250 megawatts, is already online. The remaining four—together adding another 1,000 megawatts—are under construction and expected to come on stream in stages.
The company has kept the finer points under wraps, offering no disclosure on the value of the transactions or the exact shareholding it will take in each project.
The move builds on ACWA Power’s China strategy unveiled earlier this year, when it announced plans to develop a 1-gigawatt renewable portfolio in the world’s largest energy market. China is a key pillar in the company’s broader global ambitions, which include sharply scaling up its footprint and tripling assets under management to around $250 billion by the end of the decade.
With wind now joining its growing mix of solar and other clean energy bets, ACWA Power is signaling that China is no longer a tentative entry—but a long-term play.
