ACWA Power collaborates with IRENA to lead the way in the transformation of renewable energy

Saudi-listed ACWA Power, the world’s largest private water desalination company and a leader in energy transition, has partnered with the International Renewable Energy Agency (IRENA).

This collaboration aims to drive the global transition to renewable energy sources. ACWA Power’s mission aligns with IRENA’s goal of providing sustainable energy solutions and accelerating the adoption of renewables worldwide.

Through this partnership, ACWA Power will work closely with IRENA, exchanging vital information on infrastructure investment for renewable energy, green hydrogen development, solar power, smart grids, and the energy-water nexus.

ACWA Power will actively 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.

The agreement establishes a framework for cooperation in implementing sustainable energy solutions.

ACWA Power and IRENA will explore opportunities to mobilize finance and investment for renewable energy projects, supporting infrastructure development, storage, distribution, transmission, and consumption of renewables.

Joint workshops and seminars will enhance best practices, strengthen capabilities, and raise awareness of the energy transition among youth, professionals, and the public through IRENA’s platforms and programs.

Marco Arcelli, Chief Executive Officer of ACWA Power, emphasized that the partnership with IRENA represents a significant milestone in their journey toward a sustainable energy future. By leveraging their combined strengths and resources, they are committed to driving meaningful change and accelerating the global transition to renewable energy.

Francesco La Camera, Director-General of IRENA, highlighted the urgency of the renewable-based energy transition. With less than a decade to secure a fighting chance for a 1.5°C world, industry leaders like ACWA Power play a crucial role. The partnership underscores the global commitment to decarbonization and emphasizes the need to accelerate the sustainable use of renewables and green hydrogen worldwide.

IRENA, as a premier platform for international cooperation, supports countries in their energy transitions, fosters sustainable development, and ensures energy security.

source: ACWA Power

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