“ACWA Power” signs an agreement with “IRENA” to accelerate using renewable energy around the world

ACWA Power, a leader in the energy transition, the largest private water desalination company in the world, and the first in the field of green hydrogen, has signed a partnership agreement with the International Renewable Energy Agency (IRENA). It is an intergovernmental organization that supports countries in their transition to a sustainable energy future.

This partnership supports ACWA Power’s mission to provide sustainable energy solutions aimed at accelerating the adoption and use of renewable energy around the world

Through this partnership, ACWA Power will collaborate with IRENA to share vital information on investment in renewable energy infrastructure, green hydrogen development, solar energy, smart grids, and the relationship between energy and water. In addition, ACWA Power will participate in IRENA initiatives including green hydrogen, collaboration in the areas of facilitating project development, the Alliance for Industry Decarbonization, the Utilities Alliance for Net Zero, and the Alliance for Action.

ACWA Power and IRENA are also exploring opportunities to mobilize financing and investment in renewable energy projects and infrastructure support, and to facilitate the development, storage, distribution, transmission and consumption of renewable energy sources. Moreover, joint workshops and seminars will be organized to exchange best practices, enhance capacities and increase awareness of the energy transition among different societal groups of youth, professionals, and others through IRENA platforms and programmes.

For his part, Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA), said: “We have less than a decade to limit the global temperature to 1.5 degrees Celsius. Accelerating the transition towards renewable energy requires industry leaders to come together, as the memorandum of understanding between IRENA and ACWA Power confirms the growing commitment to work towards decarbonisation in the world. “The energy transition is inevitable, so we need to work together to accelerate the sustainable use of renewables and green hydrogen in the world.”

It is worth noting that the International Renewable Energy Agency is an intergovernmental organization that supports countries in their transition to a sustainable energy future. It represents the basic platform for international cooperation and is a center of excellence, policy, technology, resources and financial knowledge in the field of renewable energy.