ACWA Power Co. has established its first overseas innovation center in Shanghai's Pudong New Area, China, representing an initial investment of CNY 20 million ($2.8 million). The center is strategically focused on five key sectors, including photovoltaics, wind power, energy storage, green hydrogen, and seawater desalination. It comprises a research and development center and a green energy laboratory, emphasizing ACWA Power's commitment to advancing green energy technologies. Additionally, the facility has become part of the Open Innovation Consortium, a government-supported initiative in Pudong, showcasing its dedication to fostering collaboration and innovation. ACWA Power's entrance into the Chinese market in early 2025 with renewable projects totaling over 1 GW across various provinces underscores its significant investment in the region, with a projected investment of up to $30 billion. This move signals ACWA Power's strategic focus on expanding its presence and contributing to the development of sustainable energy solutions in China.