Energy

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has recently entered into two significant partnerships with Chinese solar PV manufacturers JinkoSolar and TCL Zhonghuan Renewable Energy. These collaborations are anticipated to inject a substantial 30GW of solar PV production capacity, spanning from ingots to modules, into the kingdom's renewable energy sector. The deals, orchestrated by the Renewable Energy...

Envision Energy has revealed the establishment of a strategic joint venture with the Public Investment Fund (PIF) of Saudi Arabia and Vision Industries, aimed at advancing the development of wind energy within the Kingdom.The collaborative effort will concentrate on the production and assembly of wind turbine components, such as blades, nacelles, and hubs. Envision Energy, recently hailed as the "Green...

A branch of TCL Zhonghuan Renewable Energy has finalized a deal alongside Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries for the establishment of a solar manufacturing operation. This venture aims to yield 20 gigawatts (GW) of solar ingots and wafers annually within the kingdom.Lumetech, a subsidiary of the China-based solar giant TCL Zhonghuan, is joined in this undertaking...

Leading Chinese companies in the domain of clean energy are set to erect manufacturing plants in Saudi Arabia, aiming to broaden their international reach while navigating trade constraints imposed by the United States and Europe as well as intense domestic rivalry.Yazeed Al-Humied, deputy governor and head of investments for the Middle East and North Africa region at the Saudi Public...

The Public Investment Fund (PIF) of Saudi Arabia has unveiled new collaborative ventures with three prominent Chinese firms, with the goal of fostering the domestic production of solar and wind power equipment within the kingdom.An alliance with Envision Energy, a producer of wind turbines, will see the establishment of facilities focused on the fabrication and assembly of wind turbine parts,...

Riyadh's recent announcement has revealed a momentous alliance in the field of renewable energy. Envision Energy, celebrated as a leading force in sustainable power, has partnered with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries in a joint venture designed to propel the growth of wind energy across the Middle East. This initiative is a significant stride towards realizing...

The Public Investment Fund (PIF) of Saudi Arabia has entered into three new joint ventures (JVs) aimed at advancing the localization of renewable energy manufacturing within the Kingdom. These ventures are a strategic move to align with the goals of the Saudi Ministry of Energy and support the nation's ambitious Vision 2030 plan.The collaborations will bring together PIF's Renewable Energy...

In an effort to promote sustainability within its borders, Saudi Arabia is taking a holistic approach to its economic sectors, with a strong emphasis on human potential, as part of its Vision 2030 objectives.The Kingdom's Minister of Economy and Planning, Faisal Al-Ibrahim, conveyed Saudi Arabia's key role in the pursuit of global climate goals at the High-Level Political Forum for...

A $1 billion collaboration has been announced between a global solar panel leader and two regional firms to advance solar panel production in the Middle East. Key Insights: A partnership involving JinkoSolar and two Saudi Arabian entities aims to establish a 10 GW solar cell and module production capacity. This move is part of a broader trend of Chinese solar...

In a strategic push to enhance the domestic renewable energy industry, Saudi Arabia's Ministry of Energy, partnering with the Public Investment Fund, has marked a significant step on Tuesday with the finalization of three pivotal agreements. These accords are set to amplify the nation's capabilities in renewable energy production. These partnerships are a continuation of the collaborative efforts between the...