Spain's PVH inks 1.7-GW tracker order for Saudi solar project

Spain’s PV Hardware (PVH) has signed a contract with Chinese contractor China Energy Engineering Group Ltd (CEEC) to supply 1.7 GW of its trackers for the Al Shuaibah solar photovoltaic project in Saudi Arabia.

The two-phase project represents a total investment of SAR 8.3 billion (USD 2.2 bn/EUR 2.0bn), which will go towards building a 2-GW solar farm in the Kingdom’s Makkah province, PVH said in a statement on Thursday.

Al Shuaibah is backed by Saudi Arabia’s Public Investment Fund (PIF), through wholly-owned entity Badeel, and ACWA Power (TADAWUL:2082). The pair previously set up a 50/50 joint venture to build, co-own and operate the plant.

It is understood that the Spanish solar trackers maker will manufacture the order for the project at its factory in Jeddah. This facility is also set to fabricate trackers for other major solar projects in Saudi Arabia, including one for Neom.

“Al Shuaibah is a very important project for PVH to showcase our expertise with product engineering and resilient design adapting to a projected lifetime of 35 years. This project is a benchmark to commemorate PVH’s local content strength in delivering large scale projects”, said Youssef El Sayed, CEO of PVH Middle East.

(SAR 1.0 = USD 0.267/EUR 0.246)

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