ACWA Power Expands Presence in China with Agreements to Acquire 1.25 GW of Wind Projects

Riyadh | EcoPulse24

ACWA Power has announced the latest developments in its entry into the Chinese market, marking accelerated international expansion in the renewable energy sector, according to an official disclosure published on the Saudi Tadawul exchange on Tuesday.

The company stated it received a notice from ACWA Power China on December 29, 2025, confirming entry into purchase agreements to acquire several wind power projects in China, including:
- One operational project with a capacity of 250 MW
- Four projects under construction, with a total capacity of 1,000 MW

ACWA Power clarified that completion of the acquisition is conditional upon obtaining operational certificates for the projects under construction, in line with Chinese regulatory frameworks.

Comparison to Previous Announcement:
Previously, on December 30, 2024, the company announced its successful entry into the Chinese market by securing a renewable energy project development portfolio with a total capacity of 1 GW. At that time:
- 333 MW were closed after meeting acquisition conditions
- This capacity was added to ACWA Power’s operational portfolio

According to the new disclosure, the current agreements raise the targeted total capacity in China to 1.25 GW, reflecting significant expansion in one of the world’s largest clean energy markets.

Significance of the Move:
This development aligns with ACWA Power’s strategy to strengthen its presence in Asian markets, diversify its geographic portfolio, and capitalize on growing demand for wind and renewable energy. It also supports the company’s long-term goals for sustainability and operational growth.

FAQ on Global Wind Power Projects

1) What are the largest wind power producing countries?
China leads global wind power production, followed by the United States, Germany, India, and Spain, supported by substantial investments in both onshore and offshore wind projects.

2) What is the difference between onshore and offshore wind projects?
- Onshore wind: Lower cost, faster implementation, widespread within countries.
- Offshore wind: Higher cost but greater productivity and more stable winds, mainly in Europe and China.

3) What is the size of the global wind power market?
The global wind power market is estimated at over $1 trillion in cumulative investments, with strong annual growth expected through 2030, driven by carbon neutrality targets and rising demand for clean energy.

4) Why are global companies investing in wind projects?
Companies are attracted to wind projects due to:
- Lower long-term electricity production costs
- Government support and regulatory incentives
- Commitment to sustainability and emission reduction
- Increased industrial and commercial demand for clean energy

5) What are the main challenges facing wind power projects?
Challenges include:
- Wind speed fluctuations affecting output
- Grid connection costs
- High financing requirements for offshore projects
- Regulatory and environmental hurdles in some countries