The collaboration aligns with ACWA Power's mission to provide sustainable energy solutions and will focus on infrastructure investment, green hydrogen advancement, solar energy, smart grids, and the intersection of energy and water.

ACWA Power will participate in various IRENA initiatives, including Green Hydrogen, Collaborative Frameworks, Project Facilitation, and more.

ACWA Power and the International Renewable Energy Agency (IRENA) have formed a partnership to explore financing and investment opportunities for renewable energy projects and related infrastructure.

The collaboration includes organizing workshops and seminars to share best practices and promote awareness of the energy transition among various audiences.

ACWA Power CEO Marco Arcelli expressed excitement about the partnership, stating that it will help drive significant change and accelerate the adoption of renewable energy on a global scale.

Both organizations are committed to advancing the sustainable use of renewable energy for a brighter future.

IRENA Director General Francesco La Camera expressed urgency for action to achieve a 1.5-degree Celsius (°C) world, as we have only about a decade left.

He emphasized the need for industry leaders to accelerate the renewable energy transition.

La Camera's comments came with the announcement of a deal between IRENA and ACWA Power, which signifies the growing industry commitment to decarbonization.

He also stressed the importance of collaborating to increase the sustainable use of renewables and green hydrogen globally.