Energy

Sungrow, a company based in China, has recently inked a series of significant contracts with Algihaz Holding of Saudi Arabia, marking a historical achievement in the domain of grid-side energy storage. The deal comprises three separate projects, each with a 2.6 GWh capacity, cumulatively reaching an impressive 7.8 GWh.The projects are strategically positioned in Najran, Madaya, and Khamis Mushait within...

The sovereign wealth fund of Saudi Arabia, known as the Public Investment Fund (PIF), is on the verge of finalizing an agreement with Envision Energy, a Chinese firm, to establish a facility that will manufacture wind turbines within the Kingdom. This strategic move aims to localize the supply chains crucial for the energy sector. Reports indicate that the deal may...

JinkoSolar Holding Co., Ltd., a global leader in solar module manufacturing, has recently announced the formation of a joint venture with its majority-owned subsidiary, JinkoSolar Middle East DMCC, and two Saudi entities, Renewable Energy Localization Company and Vision Industries Company. Holding equity stakes of 40%, 40%, and 20% respectively, the parties have agreed to establish a solar cell and module...

Marking a significant stride in renewable energy collaboration, Sungrow Power Supply, a leading Chinese producer of photovoltaic inverters, has finalized a pact with Saudi Arabia's Algihaz Holding. This agreement paves the way for an extensive energy storage initiative, boasting a formidable capacity of up to 7.8GWh.With expectations set for completion within the current year, the ambitious project is slated to...

On a recent announcement, Sungrow Power Supply Co., a leading Chinese producer of photovoltaic inverters, declared it has finalized a deal with Algihaz Holding of Saudi Arabia. The pact is for an energy storage initiative that boasts a substantial capacity of up to 7.8 gigawatt-hours (GWh).The delivery of this project is slated for the current year. It is anticipated to...

Egypt's head of Electricity and Renewable Energy, Mahmoud Essmat, has convened with the supervisory team of the robust 3,000-megawatt electric interlinking initiative with Saudi Arabia. This strategic move is designed to mitigate power interruptions, elevate grid dependability, refine the quality of power delivery, and cater to the escalating demand for electricity. In his dialogue, Essmat underscored a comprehensive blueprint aimed...

In a major stride towards sustainable development, Saudi Arabia's Ministry of Economy and Planning (MEP) and Ministry of Energy (MoEnergy), in partnership with UpLink, have introduced the Carbon Capture and Utilization Challenge. This initiative is a call to action for innovators around the globe to propel the circular carbon economy forward.The unveiling of this challenge took place at the United...

Jinko Solar has solidified its role in the clean energy sector by inking a significant deal with Larsen & Toubro (L&T) for the provision of Solar PV Modules to be used in the NEOM Green Hydrogen Project. This initiative, the largest of its kind, is currently being developed in Oxagon, Saudi Arabia, and is poised to make waves in the...

As part of its ambitious Vision 2030, Saudi Arabia is advancing towards a future with at least 50 percent of its electricity generated from renewable sources by 2030. This is part of a broader strategy to reduce carbon emissions and drive sustainable development.The Mishkat Interactive Center for Atomic and Renewable Energy, established in Riyadh in 2017 by the King Abdullah...

The Kingdom of Saudi Arabia has intensified efforts towards a cleaner, more sustainable future, establishing itself as a global proponent of climate action. With the Saudi Green Initiative and the Middle East Green Initiative, the Kingdom is executing over 80 projects across public and private sectors, with investments surpassing 705 billion riyals. Furthermore, Riyadh is set to host the 16th...