ACWA Power Explores 4.5GW Mongolian Renewable Project for Power Exports to China

Saudi utility developer ACWA Power has signed a cooperation memorandum with Mongolia's Sun Step Power to assess a renewable energy venture targeting power exports to China. The initiative outlines a target generation capacity of 4.5GW alongside a 500MWh battery storage system. The agreement includes evaluating the development of wind, solar, and cross-border electricity transmission infrastructure.

Published October 14, 2026 Source: Eye of Riyadh

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Photo: Eye of Riyadh

Saudi utility developer ACWA Power has signed a memorandum of cooperation with Mongolia's Sun Step Power to evaluate developing a renewable energy venture dedicated to power exports to China, according to an official statement reported by Eye of Riyadh.

The baseline plan establishes a target capacity of 4.5GW in clean power generation, supported by a 500MWh battery energy storage system. The framework covers the development of wind and solar installations along with the transmission infrastructure required to export electricity into Chinese energy markets or other mutually agreed destinations.

The agreement was signed on the sidelines of the 25th World Petroleum Congress and Riyadh Energy Week in Saudi Arabia. The signing took place in the presence of Saudi Minister of Energy Prince Abdulaziz bin Salman and ACWA Power Chairman Mohammad Abunayyan.