ACWA Power has signed an agreement with Silk Road Fund, introducing it as a partner and shareholder in ACWA Power Renewable Energy Holding (ACWA Power RenewCo) with a 49% stake in the company.
ACWA Power RenewCo acts as a platform that capitalises on the rapidly growing potential for renewable energy in emerging markets. ACWA Power RenewCo will own ACWA Power’s CSP, PV, and wind assets across the United Arab Emirates, South Africa, Jordan, Egypt and Morocco, yielding an aggregate capacity of 1668MW.
