Recently, on the occasion of the successful conclusion of the 9th Future Investment Initiative Summit held in Riyadh, the capital of Saudi Arabia, China Mingyang Intelligent and Saudi Arabia International Power and Water Company (ACWA Power) officially signed a strategic cooperation framework agreement, adding another highlight to the global new energy field. This cooperation takes the core path of localized manufacturing+comprehensive energy+cooperative development, which will not only create a benchmark project for China Saudi Arabia new energy cooperation, but also inject strong momentum into the implementation of Saudi Arabia's "2030 Vision" and global green transformation.

According to the agreement, Mingyang Intelligent, as a global pioneer in wind power technology innovation, will prioritize exporting cutting-edge technology and customized products to ACWA Power's wind power projects. With its globally leading capabilities in complete machine design, intelligent operation and maintenance, and wind resource assessment, Mingyang Intelligence will assist ACWA Power in further optimizing the cost per kilowatt hour of wind farms, enhancing the long-term profitability of projects, and promoting the transformation and upgrading of wind power development in the Middle East from scale to high quality.

In terms of localized industrial layout, both sides will focus on the construction of the new energy industry chain in the Middle East and Central Asia regions, and jointly promote the landing of Mingyang Intelligent's localized manufacturing system in the region. This layout will focus on key components such as wind turbines, large composite blades, and core electrical equipment. It will not only provide close and efficient supply chain support for ACWA Power's regional projects, but also drive the development of local high-end manufacturing industry, cultivate talent pool in the new energy industry, and achieve two-way empowerment of "project development and industrial upgrading".

It is worth noting that both sides will also expand their deep cooperation in the field of integrated energy. Mingyang Intelligent, with its mature technology solutions and project experience in wind power+energy storage, green power hydrogen production, and electric hydrogen ammonia alcohol integration, will work together with ACWA Power to promote the planning and construction of a large-scale integrated energy base in the Middle East, explore the industrial model of wind solar hydrogen ammonia multi energy complementarity, and provide a full chain and integrated solution for the transformation of regional energy structure.

This cooperation has also achieved an important breakthrough in "two-way investment" - ACWA Power plans to work together with Mingyang Intelligence to jointly develop wind power projects and invest in the field of new energy in the Chinese market. This measure will promote the two-way flow of new energy technology, capital, and markets between China and Saudi Arabia, and build a global collaborative and mutually beneficial cooperation ecosystem. Keywords: Middle East news, Middle East news and information

ACWA Power Chairman Mohammad Abunaiyan stated that this strategic cooperation with Mingyang Intelligent will accelerate the innovation of clean energy technology and industrial landing in the Middle East and Central Asia regions, further consolidating ACWA Power's leading position in the global green energy field. Zhang Chuanwei, founder and chairman of Mingyang Group, pointed out that this is an important practice of China's new energy technology and equipment "going global", and also a landmark achievement of deepening cooperation between China and Saudi Arabia in the energy field. It is reported that ACWA Power, as a multinational energy company headquartered in Saudi Arabia, has business coverage in 15 countries around the world; Mingyang Intelligent is a global provider of new energy equipment and energy Internet solutions. The strong alliance between the two sides will set a new example for global cooperation in clean energy industry.Editor/Cheng Liting