Beijing, People’s Republic of China — Acwa, the world’s largest private water desalination company, a leader in energy transition, and a first mover in green hydrogen, today announced the signing of a facility agreement with the Bank of Communications (BOCOM), marking a key step forward in their cooperation in China.
The agreement, signed with BOCOM Shanghai, supports the financing of the Heilongjiang Boli 2 250MW Wind Project and reflects continued collaboration between the two organisations in advancing energy infrastructure in the country. The signing follows Acwa’s participation in the China Development Forum on 22-23 March, reinforcing ongoing dialogue with partners across China’s energy and financial sectors.
Mohammad Abunayyan, Founder and Chairman of Acwa, said: “This agreement reflects the strength of execution we have built together over time. Delivering a transaction like Boli 2 in China requires close alignment, strong local expertise, and a shared understanding of how to structure and deliver complex projects. We value BOCOM’s role in this process, and see this as an important step in building a deeper and more consistent partnership as we continue to expand our operations in China.”
The transaction represents a significant milestone for Acwa in China, marking the company’s first dry financial close, or debt replacement transaction, led by Acwa in the country. BOCOM acted as the leading and agent bank in the syndication of the project, playing a central role in structuring and delivering the financing.
The facility agreement also reflects broader cooperation between the two parties, including ongoing discussions around a RMB 10 billion credit line to support Acwa’s activities in China.
The agreement builds on an established and expanding relationship between Acwa and BOCOM. Beyond China, the partnership reflects a shared intention to continue expanding collaboration across Acwa’s international portfolio, including refinancing initiatives, new infrastructure developments, and broader capital markets cooperation. To date, BOCOM has supported Acwa with approximately US$264 million (approximately 2 billion RMB) of commitment across key projects, including Noor Energy 1 and Bash 2.
China remains a key strategic market for Acwa, offering strong industrial capabilities, innovation, and execution capacity. The company continues to deepen its presence in China through long-term partnerships with leading financial institutions and industrial partners.
About Acwa
Acwa (TADAWUL: 2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, Acwa employs over 4,000 people and is currently present in 15 countries in the Middle East, Africa, Central Asia, and Southeast Asia. By year-end 2025, Acwa’s portfolio comprised 108 projects in either operation, advanced development, or under construction with an investment value of SAR 437 billion (US$117 billion) and the capacity to generate 93 GW of power (of which 52.3 GW is renewables) and manage 9.2 million m³/day of desalinated water. The energy and water capacity generated by Acwa’s assets is delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.
Learn more: www.acwapower.com.
Acwa与交通银行签署协议，加速中国能源转型与全球金融创新
中国北京，2026年3月24日 — 全球最大的私营海水淡化企业、能源转型引领者及绿色氢能先行者Acwa，已与交通银行（BOCOM）签署战略合作和融资协议（“该协议”），标志着双方在中国市场合作迈出关键一步。
该协议由Acwa与交通银行上海市分行签署，将为黑龙江勃利2期250兆瓦风电项目提供融资支持，体现了双方持续携手推进中国能源基础设施发展的合作成果。此次签约紧随Acwa于3月22日至23日参加中国发展高层论坛之后，进一步体现了公司与中国能源及金融领域合作伙伴之间持续开展的交流与合作。
Acwa创始人兼董事长穆罕默德·阿布纳扬表示：
“该协议体现了双方长期合作所建立起来的强大执行力。像勃利2期这样在中国落地的项目，需要高度协同、本地专业能力，以及对复杂项目融资与交付模式的共同理解。我们高度重视交通银行在这一过程中发挥的作用，并将此视为双方持续深化并建立更稳固、更长期合作伙伴关系的重要一步，也是我们继续扩大在中国运营布局的重要一步。”
交通银行行长张宝江表示：
“对Acwa来华投资表示赞赏。中国电力市场前景广阔，交通银行也非常愿意支持Acwa在中国及海外的业务发展。”
该融资协议的签署是Acwa在中国市场发展的重要里程碑，是Acwa在中国境内主导完成的首笔融资落地。在本次项目银团融资中，交通银行担任牵头行和代理行，在融资结构设计与执行落地中发挥了核心作用。该战略协议也反映了双方更广泛的合作基础，以及交通银行支持Acwa在华业务发展的持续讨论。
该协议建立在Acwa与交通银行已形成并不断深化的合作关系之上。除中国市场外，双方合作也体现出持续拓展Acwa国际项目组合合作的共同意愿，包括再融资项目、新基础设施开发以及更广泛的资本市场合作。
中国始终是Acwa全球战略布局中的关键市场，拥有强大的产业基础、创新能力和项目执行能力。公司正通过与领先金融机构及产业伙伴建立长期合作关系，持续深化在中国市场的布局。
公司简介
Acwa（TADAWUL：2082）是一家在沙特证券交易所上市的企业，也是全球最大的私营海水淡化公司、绿色氢能领域的先行者，以及全球能源转型的重要推动者。公司于2004年在沙特阿拉伯利雅得注册成立，现有员工超过4,000人，业务遍及中东、非洲、中亚和东南亚等15个国家。
截至2025年底，Acwa旗下项目组合共计108个，涵盖已投运、处于开发后期及在建项目，总投资价值达4,370亿沙特里亚尔（约合1,170亿美元）。公司总发电装机容量达93吉瓦，其中可再生能源装机容量为52.3吉瓦；海水淡化处理能力为每日920万立方米。
Acwa通过公用事业外包和政府和社会资本合作（PPP）等模式，在长期购电及购水协议框架下，向国家公用事业机构及工业客户大宗供应电力和淡化水，以满足其能源与水资源需求。
了解更多信息，请访问：www.acwapower.com
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