China Energy Engineering Corp (CEEC) has signed a ¥6.98bn Engineering, Procurement and Construction (EPC) contract to build a solar PV plant in Saudi Arabia.
The solar PV plant will be 2GW, developed jointly between the China Energy Engineering consortium and their Saudi Arabian partners over 31 months.
The partners include the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), ACWA Power and Saudi Aramco Power Company.
CEEC further explained that the PV plant’s site will be in Saudi Arabia’s Makkah province, and development by Special Purchase Vehicle (SPV) Buraiq Renewable Energy Company is currently underway.
The project is another addition to the relationship between Saudi Arabia and China’s respective solar industries, prompting several projects throughout 2024 as well as the launch of JinkoSolar’s N-Type plant.
