CEEC inks mega Saudi solar project

Chinese engineering giant sees bright prospects for Middle East PV orders

China Energy Engineering Corp Ltd announced on Tuesday it had inked a $972 million deal for a major photovoltaic project in Saudi Arabia, marking a significant step as the Middle East nation becomes a key investment destination for Chinese solar power equipment manufacturers, spurred by its commitment to green energy initiatives.

The project — the Saudi Arabia PIF Phase IV Haden 2GW Photovoltaic Project — was signed by a consortium of three subsidiaries of China Energy and a project company established by Saudi Arabia's ACWA Power, the Public Investment Fund, and Saudi Aramco Power Co.

China Energy said the project is expected to commence commercial operations by early 2027. Upon completion, it is projected to generate approximately 156 billion kilowatt-hours of electricity in 25 years, reducing carbon dioxide emissions by nearly 147 million metric tons, thereby contributing to Saudi Arabia's goal of achieving net-zero emissions by 2060.