Silk Road Fund signs MoU with ACWA Power on Investment Collaboration in Green Hydrogen, Renewable Energy and Desalination Water

Date：08 December 2022

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On 7 December 2022, Silk Road Fund (“SRF”) signed a Memorandum of Understanding with ACWA Power in relation to investment collaboration in the areas of green hydrogen, renewable energy and desalination water.

SRF will work with ACWA Power to explore cooperation opportunities in the relevant sectors in China and other countries and regions, which share the vision and aspiration of China’s “Belt and Road” Initiative and Saudi Arabia’s “Vision 2030”. The cooperation contemplated under the MOU will be implemented based on market principles, international practices and professional standards, and aim to promote environmentally sustainable development with good financial returns and social benefit.

About ACWA Power

ACWA Power is a developer, investor and operator of power generation and desalinated water plants with assets in 13 countries. ACWA Power’s portfolio, with an investment value of USD 66.5 billion, can generate 42.7 GW of power and produce 6.2 million m3/day of desalinated water.

About SRF

SRF is a medium-to-long term development and investment fund established under the framework of the Belt and Road Initiative. Following a philosophy of openness, inclusiveness and mutual benefit, SRF operates its business based on market principles, international practice and professional standards. The fund has a total capital of USD 40 billion and RMB 100 billion and has investment footprint expanding to nearly 60 countries around the world.