Acwa and GLP, through their respective China subsidiaries, have formed a strategic partnership to jointly pursue new energy investments with a focus on utility-scale wind, solar and energy storage projects in China.
Acwa is the world’s largest private water desalination company, a leader in energy transition, and a first mover in green hydrogen at scale. Established in 2004, the Saudi-listed company supports the kingdom’s efforts to scale up renewable energy and diversify its economy under Vision 2030.
Energy transition is one of GLP’s key pillars. Launched in 2018, GLP's new energy business integrates clean energy solutions with its logistics and digital infrastructure assets, creating synergies across its broader infrastructure ecosystem.
As of December 31 2025, GLP’s total capacity under management stood at approximately 1.3 gigawatts across distributed solar, ground-mounted solar, wind energy and energy storage assets. The firm’s in-house new energy team combines investment, development and operational capabilities across the full asset lifecycle, enabling the company to originate and develop opportunities, bring projects into commercial operation and realize value through asset sales or recapitalizations into GLP-managed funds and platforms.
“We are pleased to establish a partnership with Acwa, a globally recognized leader in clean energy that shares our conviction in China’s long-term growth, supported by the country’s energy transition and decarbonization objectives,” says GLP China chief executive officer Angela Zhao.
“We will leverage our deep local market knowledge, extensive logistics and data center customer relationships and proven execution capabilities across the new energy value chain to support Acwa’s growth ambitions in the market, working together to capture opportunities in new energy infrastructure and deepen our investment in China’s energy transition.”
Acwa China president Saleh Al Khabti adds: “Our commitment to China is long-term, and we see major opportunities in the country’s energy transition, supported by its strong industrial capabilities, innovation, and growing demand for new energy.
“Our partnership with GLP combines their deep local investment and development capabilities with Acwa’s global experience, capital, and expertise, which means we can move more quickly from identifying opportunities to developing and investing in projects.”
Acwa continues to deepen its presence in China through long-term partnerships with leading financial institutions and industrial partners, with plans to invest US$30 billion in the country by 2030.
