Saudi Arabia’s ACWA Power has signed two renewable energy agreements in China worth US$312 million. The projects include a 132-megawatt solar energy portfolio in Guangdong province and a 200-megawatt wind energy project.

These agreements signify ACWA Power’s growth in China’s clean energy sector.

The solar project will take place at three sites, developed in partnership with Sungrow Renewables.

The wind project is in collaboration with Mingyang Smart Energy Group, a noted wind turbine manufacturer.

ACWA Power aims to grow its global assets under management to US$250 billion by 2030.