Industry News
Petro Matad and ACWA Power Partner on 4.5GW Mongolia-to-China Renewable Project
Petro Matad shares rose over 14 percent following an MoU signed between subsidiary SunSteppe Power and Saudi utility company ACWA Power. The partnership plans to build a 4.5-gigawatt renewable complex in Mongolia with 500 megawatt-hours of battery storage. The facility aims to export clean electricity directly across the border into China.
