Saudi Firm ACWA Power Signs Deal with IRENA to Drive Global Transition to Clean Energy
In a groundbreaking move to propel the shift towards clean energy sources worldwide, Saudi utility firm ACWA Power has officially partnered with the International Renewable Energy Agency (IRENA), as announced in a press release on Thursday.
Mission for Sustainable Energy Solutions
The collaboration with IRENA aligns perfectly with ACWA Power’s mission to offer sustainable energy solutions and hasten the adoption of renewable energy on a global scale.
Key Areas of Focus
ACWA Power will join forces with IRENA to provide valuable insights on infrastructure investment in renewable energy, advancements in green hydrogen, solar energy, smart grids, and the crucial intersection of energy and water.
Participation in IRENA Initiatives
As part of the agreement, ACWA Power will actively participate in a range of 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.
Driving Finance and Investment Mobilization
ACWA Power and IRENA will collaborate to explore opportunities for mobilizing finance and investment for renewable energy projects while supporting the development, storage, distribution, transmission, and consumption of renewable energy infrastructure.
Empowering through Workshops and Seminars
The partnership will also involve organizing collaborative workshops and seminars to exchange best practices, enhance skills, and raise awareness about the energy transition among youth, professionals, and the public through IRENA’s platforms and programs.
Commitment to a Sustainable Future
ACWA Power CEO Marco Arcelli expressed excitement about the partnership, highlighting its significance in driving the company towards a sustainable energy future. He emphasized the importance of collaborative partnerships and innovative solutions in advancing the widespread adoption and sustainable use of renewable energy.
IRENA’s Call to Action
IRENA Director General Francesco La Camera stressed the urgency of accelerating the renewable-based energy transition to combat climate change. He underscored the need for global industry leaders to join forces in promoting the sustainable use of renewables and green hydrogen worldwide.