ACWA Power, a Saudi Arabia-based energy and desalination firm, has unveiled plans for a significant expansion in China's renewable energy sector. The Chairman, Mohammad A. Abunayyan, highlighted China as a crucial market for the company's growth, targeting investments in solar, wind, green hydrogen, and desalination projects. With a goal to increase global assets to USD 250 billion by 2030, ACWA Power aims to allocate between USD 30 billion to USD 75 billion in China. The company has already secured over 1 GW of renewable energy projects in various Chinese provinces. ACWA Power's China strategy includes developing partnerships with local companies, particularly in the solar and wind sectors, alongside a focus on water desalination. By localizing the desalination supply chain, ACWA Power aims to cater to both domestic and global demands. The company is also involved in offshore wind exploration and plans to enhance research and development activities in China to drive clean energy innovation. Despite global uncertainties, Abunayyan expressed optimism in China's economic trajectory and commended the government's favorable reforms for investments. ACWA Power's confidence in China's long-term market potential is underpinned by the country's increasing energy needs, rising middle-class population, and advancements in technology. The firm's commitment to sustainability aligns with China's ambitious decarbonization goals, positioning ACWA Power for a strategic and successful expansion in the world's largest renewable energy market.