Kyuden International Corporation, a member of the Kyuden Group, has signed a Memorandum of Understanding with ACWA Power, the Saudi listed company.

ACWA Power has 90 renewable energy, seawater desalination, and green hydrogen projects in 13 countries around the world, including the Middle East, Africa and Central and Southeast Asia, providing 65.2 GW of power generation and 8.05 million m3 per day of water desalination. This MOU was signed in conjunction with COP29, the 29th Conference of the United Nations Climate Change, held in the Republic of Azerbaijan. Kyuden Group and ACWA Power have confirmed that the MoU will provide scope for collaboration on renewable energy and green hydrogen projects worldwide, including Central Asia and Southeast Asia, to achieve carbon neutrality.

Leveraging its advanced technical capabilities cultivated in Japan and overseas, the Kyuden Group promotes environmentally friendly energy solutions across Asia and the world. Through collaboration with various partners who share our objectives, we will expand our business development opportunities and further accelerate initiatives to achieve carbon neutrality, striving towards the realization of a low-carbon and sustainable society.

Overview of ACWA