On November 20, Sineng Electric announced that it had officially signed a supply agreement for 2.6GW of PV inverters for the Saudi PIF Phase IV PV plant, which is jointly invested by the Saudi International Electricity and Water Company (ACWA Power), the Public Investment Fund (PIF) of Saudi Arabia, and Saudi Aramco Power Company. This project is one of the large-scale PV projects planned under Saudi Arabia’s National Renewable Energy Program (NREP).
According to the introduction, Sineng Electric’s supply agreement covers two subprojects in the project cluster: Haden and Al-Khushaybi, with a total supply volume of up to 2.6GW.
The Haden Solar PV Power Station is contracted and constructed by a consortium led by China Energy Engineering Corporation, and Sineng Electric will supply 1GW of PV inverters for it. The Al-Khushaybi Power Station project is contracted and constructed by Larsen & Toubro, and Sineng Electric will supply 1.6GW of PV inverters for it. The project will adopt Sineng Electric’s 8.8MW centralized inverter-booster integrated machine, which boasts a larger grid array capacity, rapid grid dispatch response, and resilience to the harsh local environment of constant high temperatures and sandstorms, ensuring excellent power generation revenue for the power station.
Sineng Electric stated that this project is another important achievement of its high-quality joint construction of the “Belt and Road” with partners from home and abroad. Sineng Electric will continuously increase its technological innovation efforts, forming an upward synergy with products, brands, and services, and working with partners to help customers in the Middle East and even globally benefit from clean energy, injecting vigorous momentum into the blueprint for a zero-carbon future.
In recent years, the Middle Eastern PV and energy storage market has experienced explosive growth. After Saudi Arabia launched its “Vision 2030” in 2016, neighboring countries followed suit and formulated related plans. The United Arab Emirates proposed the updated “National Energy Strategy 2050,” and Oman put forward the “Vision 2040,” making the promotion of clean energy development and energy structure transformation a national development strategic focus. Currently, the renewable energy development of Middle Eastern countries is gradually entering a crucial period.
