ACWA POWER PARTNERS WITH IRENA TO SPEARHEAD GLOBAL RENEWABLE ENERGY TRANSFORMATION

Saudi-listed ACWA Power signed an agreement to partner with the International Renewable Energy Agency (IRENA), the lead global intergovernmental agency for energy transformation, to drive the worldwide transition to renewable energy sources.

This partnership with IRENA aligns with ACWA Power's mission to provide sustainable energy solutions, and aims to accelerate the adoption and sustainable use of renewable energy across the globe.

Through this partnership, ACWA Power will collaborate with IRENA to exchange vital information on infrastructure investment for renewable energy, green hydrogen development, solar power, smart grids, and the energy-water nexus. Additionally, ACWA Power will participate in IRENA initiatives, including Green Hydrogen, Collaborative Frameworks, Project Facilitation, the Alliance for Industry Decarbonization, the Utilities for Net Zero Alliance, and the Coalition for Action.

ACWA Power and IRENA will explore opportunities to mobilise finance and investment in renewable energy projects and support infrastructure, facilitating the development, storage, distribution, transmission, and consumption of renewables. Furthermore, joint workshops and seminars will be organised to share best practices, strengthen capabilities, and raise awareness of the energy transition among youth, professionals, and the public through IRENA's platforms and programmes.

“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,” he added.