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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Russia has condemned the United States for using what it called excessive military force during counter-narcotics operations in the Caribbean, saying ...
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British police said on Saturday that two people were arrested after multiple passengers were stabbed on a train travelling to Huntingdon....
Russia has launched its new nuclear-powered submarine, the Khabarovsk, at the Sevmash shipyard in Severodvinsk, the Defence Ministry said Saturday.
Russia has condemned the United States for using what it called excessive military force during counter-narcotics operations in the Caribbean, saying the actions breach both U.S. and international law.
At least 21 people have been killed and more than 30 are missing after a landslide struck Kenya’s Elgeyo Marakwet East region in the Rift Valley following days of heavy rain, authorities said.
Germany’s defence minister Boris Pistorius says he is confident the coalition will back his new voluntary military service model in time for it to take effect next year, citing the security threat from Russia and NATO demands.
Reports from CNN say the Pentagon has approved the provision of long range Tomahawk missiles to Ukraine after assessing its impact on U.S. stockpiles, while leaving the ultimate decision to President Trump.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
Ukraine’s top military commander has confirmed that troops are facing “difficult conditions” defending the strategic eastern town of Pokrovsk against a multi-thousand Russian force.
Residents of Hoi An, Vietnam’s UNESCO-listed ancient town, began cleaning up on Saturday as floodwaters receded following days of torrential rain that brought deadly flooding and widespread destruction to the central region.
The United Nations has warned of a catastrophic humanitarian situation in Sudan after reports emerged of mass killings, sexual violence, and forced displacements following the capture of al-Fashir by the Rapid Support Forces (RSF).
Residents of Hoi An, Vietnam’s UNESCO-listed ancient town, began cleaning up on Saturday as floodwaters receded following days of torrential rain that brought deadly flooding and widespread destruction to the central region.
At least 13 people have been killed and 11 remain missing after record rainfall caused severe flooding across central Vietnam, submerging homes and disrupting transport in the historic cities of Hue and Hoi An.
The UN Secretary-General, António Guterres, warned on Tuesday that humanity has failed to limit global warming to 1.5°C and must take urgent action.
Hurricane Melissa has made landfall in south-western Jamaica as a category five storm, unleashing violent winds, torrential rain and life-threatening floods across the island.
Billionaire investor and philanthropist Bill Gates called on world leaders on Tuesday to adapt to extreme weather and focus on improving health outcomes rather than temperature reduction targets ahead of the COP30 climate talks in Brazil.
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