此次完成股权交割的两家公司分别为ACWA Power 巴什风电控股有限公司和 ACWA Power 赞克尔迪风电控股有限公司，转让前由ACWA全资控股。两公司装机总量为1GW，投资总额超过13 亿美元。项目建成后将成为该地区最大的可再生能源项目之一。① Saudi ACWA Energy transferred 35% of the shares of two Chinese and Asian wind power companies to a subsidiary of China Southern Power Grid; ② The two companies were constructed by China Energy Construction Company, with a project scale of 1 GW, with a total investment of more than 1.3 billion US dollars.
Financial Services Association, July 17 (Editor Qi Ling) Saudi listed company ACWA Power announced on Wednesday that it has completed a transaction to transfer 35% of the shares of the two Central Asian wind power companies to China Southern Power Grid International Co., Ltd.
ACWA Power is the world's largest private seawater desalination company, and also invests in numerous wind and solar projects. Meanwhile, Southern Grid International is the main implementation platform and investment and financing platform for China Southern Power Grid's international business.
The two companies that completed the share settlement are ACWA Power Bash Wind Power Holdings Limited and ACWA Power Zankardi Wind Power Holdings Co., Ltd., which were wholly owned by ACWA before the transfer. The two companies have a total installed capacity of 1 GW and a total investment of more than 1.3 billion US dollars. Once completed, the project will be one of the largest renewable energy projects in the region.
According to an earlier announcement from China Energy Construction (601868.SS), these two projects were constructed by it. The project mainly includes 158 6.5 MW fans, two 33KV/500KV boosting stations, and two 500KV overhead lines with a total length of about 290.5 kilometers. The construction period is 30.5 months.
After successfully completing all prerequisites, the equity settlement ceremony was recently held in Tashkent, the capital of Uzbekistan, marking the successful completion of the transaction.
Since the two sides signed a framework agreement in December 2022, the deal is the first joint investment between ACWA Power and China Southern Power Grid for a large-scale renewable energy project in Central Asia. The agreement lays a solid foundation for ACWA Power to invest, finance and build global clean energy and renewable energy projects in Saudi Arabia and the “Belt and Road” countries.
Tang Yifeng, deputy general manager of China Southern Power Grid Corporation, said, “We hope to develop our respective strengths and synergy with ACWA Power, strengthen strategic partnerships, participate in the green energy development process in Uzbekistan, build a number of high-standard, sustainable green energy cooperation benchmark projects, and contribute to the achievement of the ambitious goals of the “Uzbek-2030” strategy.”
