Saudi utility giant ACWA Power has made a significant entry into China's renewable energy sector, marking a milestone in its global growth strategy. The company, in partnership with Chinese renewable energy firms, is advancing over 1 GW of solar and wind energy projects across multiple provinces. ACWA Power's ambitions in China include investing $50 billion in renewable energy, green hydrogen, and desalination projects by 2030. Their China operations head revealed targets of 1.3 GW of renewable energy capacity by 2025, acquiring up to 20 GW of clean power assets, and developing 1 million tonnes of green hydrogen. Collaborations with state-owned enterprises domestically and internationally are key to ACWA Power's strategy, including projects in Uzbekistan and Saudi Arabia. This expansion aligns with Saudi Arabia's Vision 2030 and contributes to the growing economic partnership between Saudi Arabia and China, with bilateral trade surpassing $107 billion in 2023. The collaboration extends to technology and lower-carbon solutions, building on ties established during President Xi Jinping's visit to Riyadh in 2022. ACWA Power's move into China complements Saudi Aramco's ventures in the country, including a major petrochemical complex set to be operational by 2030, highlighting the diverse range of projects fostering bilateral cooperation.