ACWA Power Chairman Saleh Al Khabti: $75 Billion China Asset Target by 2030

At the World Economic Forum Annual Meeting of the New Champions, Chairman Saleh Al Khabti said the company aims to reach USD 30–75 billion in assets in China by 2030 — making it ACWA Power’s second largest global market.

China is called the “core pillar” of its global strategy, with major investments planned in renewable energy, desalination, and green hydrogen.

Key points:

• Global asset target: USD 250 billion by 2030, 1/3 from China
• Focus: solar, wind, green hydrogen, water desalination
• Shanghai Innovation Center to drive R&D and partnerships
• Deepening cooperation beyond EPC to joint R&D, energy storage, and AI-powered energy solutions.

📰 Source: Tencent News