MYSE(SH:601615) Quan Jing Wang·2025-11-25 02:19Core Insights - The strategic cooperation framework agreement between Mingyang Smart Energy and ACWA Power marks a significant advancement in global clean energy collaboration, focusing on localized manufacturing, integrated energy synergy, and joint project development [1][2] - The partnership aims to support Saudi Arabia's Vision 2030 and contribute to the global carbon neutrality process by creating exemplary projects in green energy cooperation [1] - Mingyang Smart Energy will provide customized products and advanced technical support for ACWA Power's wind power projects, leveraging its expertise in system design and operational platforms to optimize lifecycle costs and enhance asset returns [1] Group 1: Strategic Cooperation - The collaboration will extend to multi-energy complementary integrated energy sectors, planning large-scale integrated energy bases in the Middle East, exploring innovative models for wind-solar-storage-hydrogen-ammonia operations [2] - ACWA Power plans to jointly develop wind and other renewable energy projects in China with Mingyang Smart Energy, promoting deep integration in technology standards, capital flow, and market mechanisms [2] - The partnership is expected to accelerate the localization of clean energy technologies in the Middle East and Central Asia, reinforcing ACWA Power's leadership in the global renewable energy sector [2] Group 2: Company Profiles - ACWA Power, headquartered in Saudi Arabia, operates over 110 power, desalination, and renewable energy projects across 15 countries, playing a key role in global green infrastructure development [3] - Mingyang Smart Energy provides comprehensive energy solutions across multiple fields, including wind, solar, energy storage, and hydrogen, serving numerous countries and regions worldwide [3] - The collaboration between these two leading companies is anticipated to create a new paradigm for international clean energy cooperation [3]