Acwa Power Co. from Saudi Arabia has signed non-binding agreements with Malaysian firms to develop approximately 13 gigawatts of power generation capacity, aiming for a $10 billion investment by 2040. The collaboration focuses on areas such as renewable energy, green hydrogen, and advanced water solutions. As Malaysia works towards boosting its renewable energy capacity to 70% by 2050 and phasing out coal power by 2044, Acwa's initiatives align with the country's net-zero target by 2050. Joint feasibility studies will be conducted on floating solar farms and large-scale water desalination projects in partnership with Tenaga Nasional Berhad and other entities. This partnership signifies a significant shift for Malaysia, historically reliant on coal, gas, and hydro power sources, with considerations to expand LNG imports to meet escalating power demands. Furthermore, Sarawak in Malaysia has embraced hydrogen as a sustainable energy source, utilizing its abundant natural resources like rainfall and rivers to power its transport network.