ACWA Renewable Energy Platform

Date：31 December 2022

Print
A+
A
A-

ACWA Power Renewable Energy Holding Ltd. (ACWA Power RenewCo) is a renewable energy investment platform jointly established by Silk Road Fund with ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants. ACWA Power RenewCo acts as the main vehicle dedicated to renewable energy development with full support of ACWA Power, and currently owns a number of renewable energy projects in West Asia and Africa, including wind, photovoltaic, solar thermal and other types of green energy.

Supporting both the Green Silk Road Initiative and Saudi Arabia's "Vision 2030", the platform’s investment fuels local economic development and generates social and environmental benefits. The invested projects target local emission benchmarks and are expected to reduce CO2 emissions by about 110 million tons in aggregate during their operation period.

The ACWA Renewable Energy Platform won the 2020 GIP Best Green Finance Transaction Award and the 2020 Asiamoney New Silk Road Finance Awards in Middle East and Africa.