– China Energy Engineering secured a 6.98 billion yuan ($972 million) contract to build a 2-gigawatt solar power plant in Saudi Arabia, partnering with key Saudi entities such as PIF, ACWA Power, and Saudi Aramco Power Company.
– The solar power project, expected to be completed in 31 months, is part of the expanding China-Saudi collaboration in the renewable energy sector.
– This deal follows recent partnerships, including a $2.08 billion silicon crystal project by TCL Zhonghuan and a $985 million solar cell manufacturing investment by JinkoSolar in Saudi Arabia.
China Energy Engineering has secured a 6.98 billion yuan ($972 million) contract to construct a solar power plant in Saudi Arabia.
This deal adds to a growing number of China-Saudi partnerships in the renewable energy sector.
The 2-gigawatt (GW) photovoltaic facility will be developed through a joint venture involving a China Energy Engineering consortium and Saudi partners, including the Public Investment Fund (PIF), ACWA Power, and Saudi Aramco Power Company.
The project is slated for completion in 31 months.
In a related development last month, China’s TCL Zhonghuan Renewable Energy Technology partnered with Saudi entities, including PIF, on a $2.08 billion project for silicon crystal and wafer production.
Additionally, JinkoSolar signed a separate agreement to invest in a $985 million, 10 GW solar cell and module manufacturing plant in Saudi Arabia.
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