China buys 49% of ACWA Power renewables; US to build concrete thermal storage plant

China’s Silk Road Fund acquires 49% of ACWA Power Renewable Energy China’s Silk Road Fund has purchased a 49% stake in ACWA Power Renewable Energy (ACWA Power RenewCo), the Saudi Arabian group announced June 23. ACWA Power is a leading solar and wind developer in the Middle East and North Africa (MENA) and the dominant …