A Delegation Led by Thomas Brostrom, Chief Investment and Development Officer of ACWA POWER, Visit Concord New Energy for Exchanges

On September 11, Zhai Feng, Executive Director and Vice President of Concord New Energy, and Wang Xigang, Vice President of the Group, received a delegation led by Thomas Brostrom, Chief Investment and Development Officer of ACWA POWER.

The two parties exchanged views on their respective company situations, the global and Chinese new energy markets, and their collaborative business opportunities. They also expressed their mutual vision for pursuing common development and achieving mutual benefits.

After the conference, the delegation of ACWA POWER visited the Operation Monitoring Center of Concord New Energy.

This exchange will facilitate further cooperation between the two parties and contribute to the advancement of the new energy industry.

Attendees of the meeting included Casper Fisker, Executive Director；Hu Yingsheng, General Manager of China Business Development; and the Investment Development Team from ACWA Power. From Concord New Energy, attendees included Yang Yinglan, Assistant President, Xu Jia, Deputy General Manager of Concord Operation and Maintenance Corporation, as well as representatives from the Group’s Planning and Operation Department and Capital Operation Department.

ACWA POWER is a globally leading developer, investor, and operator of energy and water projects headquartered in Saudi Arabia. Its largest shareholder is the Saudi Arabia’s Public Investment Fund. With a global installed capacity exceeding 54 GW and a total scale of over USD8.3 billion, ACWA Power was listed on the Saudi Arabia stock market in 2021. The company’s total market value is about USD50 billion as of now. Since entering the Chinese market in 2009, ACWA POWER has considered the Chinese market an important strategic development direction.