ACWA Power, a Saudi developer, has signed an agreement with Syria’s Ministry of Energy to study and propose renewable projects, including 1 GW of solar with storage and 1.5 GW of wind. The deal was announced during Saudi Arabia’s participation in the Damascus International Fair. It also included evaluating Syria’s existing power plants for possible upgrades and conducting technical studies to optimise the national grid. In parallel, Saudi Electricity Company signed an agreement covering generation, transmission and distribution, while Saudi Electricity Project Development Company signed one for engineering services and grid infrastructure. Additionally, six MoUs were signed between Syrian authorities and Saudi firms for oil, gas, drilling, and geophysical activities. TAQA, ADES Holding, Arabian Drilling and ARGAS were among the companies involved.