Jinko Power Technology Co., Ltd has achieved financial close and will begin construction of its 400 MW Tabarjal Solar PV Project in Saudi Arabia.
This milestone strengthens Jinko Power’s presence in the Kingdom, where its first project, the 300 MWac SAAD, is already under construction.
Together, these projects bring Jinko Power’s portfolio in Saudi Arabia to 700 MW, reinforcing its position as a key player in the country’s renewable energy sector.
The project is financed through long-term, non-recourse funding provided by Riyadh Bank and APICORP.
Following financial close and approval from Saudi Power Procurement Company (SPPC), the company has partnered with EPC contractor Jackson Green Consortium to begin construction.
Charles Bai, President of Jinko Power International Business, says:
“The financial closing of the Tabarjal Project, especially during these tumultuous times for the world and the solar industry at large, serves as a resounding testament to Jinko Power’s unwavering commitment to the renewable energy industry in the Kingdom of Saudi Arabia.
“It also showcases our capabilities in developing and executing projects with highly professional and experienced teams.”
Mothana Qteishat, Vice President of Jinko Power, adds:
“The financial close of the Tabarjal Project in November not only solidifies our commitment towards Saudi Arabia’s Vision 2030 but also augments our track record in the region.
“This includes Saad’s 350 MW in KSA, Sweihan’s 1.2 GW and Dhafra’s 2.1 GW in UAE, and Manah II’s 500 MW in Oman, totaling around 4,600 MW across the GCC.”
[Image credit: Jinko Power]
