Saudi Arabia’s ACWA Power Co (<a href="https://www.saudiexchange.sa/wps/portal/saudiexchange/hidden/company-profile-main/!ut/p/z1/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30I4EKzBEKDMKcTQzMDPxN3H19LAzdTU31w8syU8v1wwkpK8hOMgUA-oskdg!!/?companySymbol=2082" target="_blank">TADAWUL:2082</a>) and Japan’s Sumitomo Corp (<a href="https://www2.jpx.co.jp/tseHpFront/StockSearch.do?callJorEFlg=1&method=&topSearchStr=sumitomo+corporation" target="_blank">TYO:8053</a>) have inked a joint development agreement to develop 2.5 GW of renewable energy projects with 968 MW of battery storage in Uzbekistan, representing a combined investment of USD 4.2 billion (EUR 3.8bn).