From selling equipment to investing in assets, Middle Eastern capital is rewriting the way it enters China. Prolos collaborates with Saudi Arabia's ACWA Power to announce a strategic partnership, pushing the $30 billion plan in China towards a new arena for wind, solar and energy storage.

Recently, Prolos China and Saudi Arabia's international power and water company ACWA Power announced a strategic partnership to explore new energy investment opportunities in the Chinese market, with a focus on centralized wind power, photovoltaics, and energy storage. It needs to be clarified that ACWA Power's plan to invest $30 billion in China before 2030 is its previously announced overall plan, not the scale of this new contract. This official announcement is a strategic cooperation framework, and there are no specific project signings.

ACWA Power was founded in 2004 and is headquartered in Riyadh, Saudi Arabia. It is one of the world's largest private seawater desalination companies and a pioneer in energy transformation and green hydrogen. The Saudi sovereign wealth fund PIF is its largest shareholder, holding 44.16% of the shares. As of the end of 2024, it has 94 assets worldwide with a total investment of $97 billion. As a partner, Prolos' core values lie in local industrial customers, data center needs, and execution capabilities. As of December 2025, it will manage and operate 1.3 GW of new energy assets in China. Keywords: Prolos, ACWA Power

Previously, ACWA Power founder Abunanyan clarified that the $30 billion investment will be focused on three major areas: power facilities, seawater desalination, and green hydrogen, green ammonia, and green methanol. Prolos is promoting the integration of computing and electricity. In July 2026, it signed an agreement with Ulanqab, Inner Mongolia to jointly build a GW level green power intelligent computing industry base, which is highly compatible with ACWA's renewable energy and energy storage direction.Editor/Min Jing