RIYADH: In a significant move for the global green energy landscape, Saudi Arabia’s ACWA Power has signed memorandums of understanding with two major Chinese firms.
These agreements encompass green hydrogen and ammonia production, as well as global renewable energy initiatives and integrated smart energy solutions, according to a press release.
The MOUs were formalized with China Southern Power Grid International Co., a state-owned entity, and MingYang Smart Energy Group, a clean energy integrated solutions provider.
The…