China Energy Engineering secures $972m solar project in Saudi

• China Energy Engineering secures $972M contract for 2-GW Haden solar plant in Saudi Arabia, boosting renewable energy goals for the Kingdom.

China Energy Engineering has secured a USD 972 million EPC contract for the construction of the 2-GW Haden solar PV plant in Saudi Arabia. The project is a joint venture between Saudi Arabia's sovereign fund PIF, ACWA Power, and Saudi Aramco. The plant is located in Mecca Province and is expected to be completed within 31 months.

Once operational, the Haden solar plant is projected to generate around 6,355,382 MWh of electricity annually, contributing to Saudi Arabia's goal of developing 70% of its renewable energy capacity by 2030. This project is part of a larger initiative by ACWA Power and PIF to increase solar PV capacity in the Kingdom.

What impact will the Haden solar plant have on Saudi Arabia's renewable energy goals?

• The Haden solar plant will significantly contribute to Saudi Arabia's renewable energy goals by generating around 6,355,382 MWh of electricity annually.
• The project is part of Saudi Arabia's plan to develop 70% of its renewable energy capacity by 2030.
• The Haden solar plant will help reduce the country's reliance on fossil fuels and move towards a more sustainable energy future.
• The joint venture between PIF, ACWA Power, and Saudi Aramco highlights the collaboration between government entities and private companies to achieve renewable energy targets.
• The construction of the 2-GW solar PV plant in Mecca Province demonstrates Saudi Arabia's commitment to expanding its renewable energy infrastructure.