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English news

24-Jun-2019

China's Silk Road Fund acquires 49% stake in ACWA Power's renewables unit

China's Silk Road Fund acquired a c49% stake in ACWA Power's Renewable Energy Holding Ltd, which will own ACWA Power’s solar power and wind assets across the UAE, South Africa, Jordan, Egypt and Morocco. The aggregate capacity of the renewables unit is 1,668MW. The release did not disclose any of the financial details related to the acquisition.