Saudi utility Acwa Power Co. signed non-binding agreements with Malaysian firms, including to explore development of about 13 gigawatts of power generation capacity, totaling $10 billion in investments by 2040.
Acwa’s collaborations will include renewable energy, green hydrogen and advanced water solutions, it said in a statement. One of the world’s largest private water desalination companies, Acwa signed the agreement with the Malaysian Investment Development Authority on Thursday.
