Saudi Arabia's ACWA Power signs MoU to develop renewables capacity in Malaysia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2025
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Source: Reuters
Investment in Renewable Energy: ACWA Power has signed a preliminary agreement to develop up to 12.5 gigawatts of renewable energy capacity in Malaysia, with an initial investment of $10 billion, aiming for completion by 2040.
Strategic Partnerships: The company has also established strategic partnerships with Malaysian firms for potential energy projects, including large-scale water desalination, supporting Malaysia's goal of having 70% of its power mix from renewable sources by 2050.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
