Saudi Arabia's ACWA Power has signed a memorandum of understanding with Malaysia to develop up to 12.5 gigawatts of renewable energy capacity by 2040, backed by an initial investment of $10 billion.
Saudi Arabia's ACWA Power said on Thursday it had signed a preliminary agreement to develop up to 12.5 gigawatts of renewable energy generating capacity in Malaysia with an initial investment of up to $10 billion.
The renewable energy utility said in a statement it agreed to a memorandum of understanding with the Malaysian Investment Development Authority to explore developing the capacity by 2040.
Malaysia aims for renewable energy to make up 70% of its power mix by 2050.
ACWA Power also signed strategic partnership agreements with several Malaysian companies for potential energy projects, including large-scale water desalination.
"These strategic agreements represent a significant milestone in ACWA Power's expansion in Southeast Asia and reflect our commitment to supporting Malaysia and the broader ASEAN region's energy transition," said ACWA CEO Marco Arcelli in the statement.
French President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
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China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
Federal authorities have arrested 14 suspects in Los Angeles linked to an Armenian organized crime ring accused of stealing $30 million in COVID relief and Small Business loans intended to support American taxpayers.
Banksy has returned with a mysterious new artwork—this time, possibly in France—and fans are buzzing with theories.
French President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
Australia warns of a dangerous new nuclear arms race as global treaties falter and powers like China and Russia shift the balance.
Prime Minister Shehbaz Sharif has reiterated Pakistan’s enduring support for United Nations peacekeeping operations, highlighting the country’s historic contributions and calling for renewed international resolve to strengthen peacekeeping efforts in a rapidly evolving global security landscape.
China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
The Green Climate Fund (GCF)-backed project, “Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq” (SRVALI), was officially launched on the sidelines of the 5th Baghdad International Water Conference.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
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The Green Climate Fund (GCF)-backed project, “Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq” (SRVALI), was officially launched on the sidelines of the 5th Baghdad International Water Conference.
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A seabird chick found with 778 plastic pieces inside its body on a remote island between Australia and New Zealand has become a powerful symbol of the global plastic pollution crisis. Scientists say the plastic has caused chronic illness and cognitive decline in the bird, raising urgent concerns abo
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French President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
Australia warns of a dangerous new nuclear arms race as global treaties falter and powers like China and Russia shift the balance.
Prime Minister Shehbaz Sharif has reiterated Pakistan’s enduring support for United Nations peacekeeping operations, highlighting the country’s historic contributions and calling for renewed international resolve to strengthen peacekeeping efforts in a rapidly evolving global security landscape.
China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
The Green Climate Fund (GCF)-backed project, “Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq” (SRVALI), was officially launched on the sidelines of the 5th Baghdad International Water Conference.
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