Sungrow in deal to supply energy storage system for Neom
RIYADH, December 13, 2022
Acwa Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has signed an agreement with top solar group Sungrow Power Supply, to provide a 536MW/600MWh energy storage system to be set up at Saudi futuristic city Neom.
The upcoming smart city, Neom is one vital element of Saudi Arabia's move from its dependence on oil to a greener future, aiming to achieve exceptional livability, thriving businesses and reinventing conservation, in line with Saudi Vision 2030.
The pact was sealed at the first China-Arab States Summit held in Riyadh, Saudi Arabia during the official visit of Chinese President Xi Jinping.
During the summit, the Chinese delegation signed 34 agreements with Saudi Arabia and Saudi organizations related to energy, security, investment, and other sectors.
Sungrow said the strategic cooperation agreement with Acwa Power will help promote close cooperation between China and Saudi Arabia in the renewable energy industry and contribute to the Belt and Road initiative, as well as Saudi Vision 2030.
The new cooperation between both sides is not only based on policy promotion, but also a high recognition of Sungrow's competitiveness in the field of solar and storage, said its senior officials at the signing ceremony which was attended by Khalid A. Al-Falih, Minister of Investment of Saudi Arabia, as well as Acwa Power Chairman Mohammad Abunayyan.
With several years of continued commitment, Sungrow said it has established a dedicated local team offering professional sales, technical support, and after-sales services.
In addition, the Chinese group had supplied a multitude of landmark projects including a 1.6 GW Sudair PV project in Saudi Arabia, an 800MW PV project in Qatar, a 900MW PV project in Dubai, a 1.5GW PV project in Abu Dhabi, as well as a large number of solar-plus-storage projects.
