Will China build a solar power plant in Saudi Arabia?

BEIJING, Aug 13 (Reuters) - China Energy Engineering (601868.SS) signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia, a Monday filing with the Shanghai Stock Exchange, marking the latest in a string of China-Saudi renewable energy deals.

What is the largest solar plant in Saudi Arabia?

The contract, was awarded by a consortium of ACWA Power and the Water and Electricity Holding Company, a subsidiary of the Public Investments Fund of Saudi Arabia, for Sudair Solar PV Project of 1.5 GW capacity. The project is considered the largest solar plant in Saudi Arabia and is also one of the largest such plants in the world.

Which country has the largest solar power plant in Asia?

The solar power plant in Sinan, in southern Korea, is Asia’s largest power plant. South Korea has set national goals to achieve a low carbon society and to develop its solar industry. According to the International Energy Agency, South Korea views the solar cell industry as a major target for economic growth for exports. 5. China

Is Saudi Arabia a solar power hub?

Saudi Arabia’s vast and arid regions are considered a great hub for solar potential. Rich in sunlight and gas, the Kingdom is moving toward diversifying its domestic power supply, and companies such as Saudi Aramco have been using PV panels as a renewable energy source since the 1980s.

How much solar power does Saudi Arabia have?

The country currently has around 190 MW of installed solar capacity, according to Apricum. In May, Saudi Arabian developer ACWA Power won a bid to develop 110 MW of floating solar in water reservoirs, 50 MW on the island of Sumatra, and 60 MW on Java.

Where is China Energy Project located?

The project is located in the Al shuaibah area of Jeddah City, Makkah Province, Saudi Arabia, and is jointly undertaken by China Energy Construction International Group, Guangdong Thermal Power and Northwest Institute.