Longi wins 1.3 GW of module orders for Saudi Arabian solar projects
Source: Longi Green Energy Technology (www.en.longi-solar.com).
China’s Longi Green Energy Technology Co Ltd (SHA:601012) has been selected by Indian construction group Larsen & Toubro (NSE:LT) to deliver photovoltaic (PV) modules for 1,292 MW of solar projects in Saudi Arabia.
The Chinese solar module manufacturer said on Thursday it will provide the hardware for two projects, in which its client is acting as an engineering, procurement and construction (EPC) contractor. A supply deal was signed at an event in Dubai.
The larger order is for 904 MW of PV modules that will be installed within the 1.5-GW Sudair solar complex in the Kingdom’s Riyadh province. The SAR-3.4-billion (USD 906.7m/EUR 762.8m) scheme is being developed by Saudi Arabia’s Acwa Power, in which the Public Investment Fund (PIF) owns a 50% stake, and Water and Electricity Holding Company Badeel, a fully-owned portfolio company of the sovereign wealth fund. The complex is expected to supply around 185,000 homes per year, once fully operational.
For the second project, Longi will supply 388-MW of modules for a solar project in Jeddah awarded in a tender held by Saudi Arabia’s Renewable Energy Project Development Office (REPDO).
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.