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.
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A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
The Ebola outbreak in eastern Democratic Republic of the Congo is "outpacing containment efforts" amid conflict, weak disease surveillance and limited access to healthcare, according to London-based pharmacist and health commentator Thorrun Govind.
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Bolivia’s President Rodrigo Paz has taken steps towards potentially declaring a state of emergency as anti-government protests intensify in the early months of his administration.
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Russia and Kazakhstan signed 15 agreements during President Vladimir Putin’s state visit to Astana on Thursday (28 May), including deals on Kazakhstan’s first nuclear power plant and expanded oil cooperation with Russia.
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The UK is experiencing potentially record-breaking temperatures after forecasters confirmed some areas reached highs close to 34°C on Monday.
More than 100 people were killed in a violent storm that battered India's most populous state, Uttar Pradesh, with rain and hail, the state Disaster Management and Relief office said on Thursday.
Climate change has driven a record surge in wildfires across Africa, Asia and other regions this year, with scientists warning that conditions are likely to worsen further as the northern hemisphere enters summer and El Niño weather patterns intensify.
Destruction of the world's tropical forests eased in 2025 from a record high, a report showed on Wednesday, underscoring how decisive policy can help keep trees standing despite pressures from a warmer climate and expanding agricultural frontiers.
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