Saudi Arabia-based ACWA Power has signed a Memorandum of Understanding (MoU) with Shanghai Electric Group Co. to collaborate on global clean energy projects, a statement said.
The scope of the cooperation covers a range of energy projects, including gas turbines construction, desalination development, thermal, photovoltaic, solar thermal, wind and combined cycle power generation.
The two clean-energy providers signed the strategic partnership during a visit by Shanghai Electric's Chairman and CEO Zheng Jianhua to Saudi Arabia recently.
As part of the "2030 Vision" reform plan, the Saudi government aims to expand renewable energy generation to represent 30 percent of the country's energy supply by 2030.
“Shanghai Electric has worked alongside ACWA Power to construct solar facilities since April 2018 in contribution towards this target,” the statement added.
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