Shorouk Express
BAKU, Azerbaijan, March 10. ACWA Power has
inaugurated its first overseas Innovation Center in Shanghai’s
Pudong New Area, focusing on photovoltaics, wind, energy storage,
green hydrogen, and seawater desalination, Trend reports.
The facility, developed with an initial investment of $2.8
million, includes an R&D Center and a Green Energy Laboratory
and has been recognized by the Pudong New Area Government as a
‘Group Open Innovation (GOI)’ initiative.
During the opening, ACWA Power signed Memoranda of Understanding
with Gulf Renewables Laboratory and Shanghai Jiao Tong University
to enhance technical expertise and industry collaboration. The
center aims to drive innovation through partnerships with
government entities, state-owned enterprises, research
institutions, and startups.
Saleh Khabti, President of China at ACWA Power, emphasized the
Centre’s role in accelerating sustainable energy and water
solutions globally. The initiative aligns with Saudi Vision 2030
and ACWA Power’s long-term investment strategy in China, where the
company plans to invest up to $30 billion by 2030.
