ACWA Power to boost footprint in China

ACWA Power, a Riyadh, Saudi Arabia-based energy and water desalination giant, remains deeply committed to investing in China and is set to strengthen its foothold in China's rapidly growing renewable energy sector, said its top executive.

ACWA Power's founder and chairman, Mohammad A. Abunayyan, expressed strong optimism in the country's renewable energy market and long-term economic prospects, and plans to further expand its presence to meet growing demand in the country.

"China, now the world's largest renewable energy market, represents a key opportunity for ACWA Power to scale its expertise in green energy solutions," Abunayyan said on the sidelines of the Summer Davos meeting held recently in Tianjin.