ACWA Power, IRENA join forces to boost global renewable energy transformation

ACWA Power, IRENA join forces to boost global renewable energy transformation

Riyadh – Mubasher: ACWA Power Company teamed up with the International Renewable Energy Agency (IRENA) to back the global transition to renewable energy sources, according to a press release.

The agreement with IRENA aligns with ACWA Power's objectives to provide sustainable energy solutions and accelerate the adoption and sustainable use of renewable energy worldwide.

Under the partnership, the Saudi-listed company will collaborate with IRENA to exchange information on infrastructure investment for renewable energy, green hydrogen development, solar power, smart grids, and the energy-water nexus.

Furthermore, the two parties will explore opportunities to mobilise finance and investment in renewable energy projects and support infrastructure.

They will also facilitate the development, storage, distribution, transmission, and consumption of renewables.

Marco Arcelli, CEO of ACWA Power, said: “By combining our strengths and resources, we are prepared to drive meaningful change and accelerate the transition to renewable energy on a global scale."

“Through collaborative partnerships and innovative solutions, ACWA Power remains committed to advancing the widespread adoption and sustainable use of renewable energy, shaping a brighter and more sustainable future for generations to come,” Arcelli continued.

Francesco La Camera, Director-General of IRENA, commented: “We have less than a decade left to secure a fighting chance for a 1.5°C world.”

“Accelerating the renewable-based energy