Energy

Sungrow Power Supply, a company traded on the Shenzhen stock exchange, has announced plans to establish the largest battery energy storage project globally in Saudi Arabia. This venture will result in a significant 7.8-gigawatt-hour (GWh) battery energy storage system (BESS) spread across three different locations: Nairan, Madava, and Khamis Mushait.The initial phase involving equipment delivery is set to commence within...

Leading solar manufacturer JinkoSolar has unveiled plans to establish a solar production base through a joint venture in Saudi Arabia, with backing from the kingdom's sovereign fund and a local renewable energy firm. This collaboration marks a significant boost to the region's solar energy capabilities.With an anticipated investment of roughly $1 billion, the proposed facility is slated for a mix...

Major Solar Collaboration AnnouncedIn a significant move for the solar industry, JinkoSolar has announced a collaborative venture with the Public Investment Fund (PIF) and Vision Industries of Saudi Arabia. Together, they plan to establish a solar manufacturing hub with an impressive budget of $1 billion in the kingdom.A Leap Towards Renewable GoalsThe proposed joint project is set to develop a...

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...