China’s Sungrow to supply energy storage system for Neom

 

China’s Sungrow to supply energy storage system for Neom

China’s Sungrow Power Supply will set up a 536MW/600MWh energy storage system at Saudi futuristic city Neom.

An agreement to this effect has been signed between Saudi Arabia’s Acwa Power and the Chinese top solar group at the first China-Arab States Summit held in Riyadh, Saudi Arabia.

During the summit, the Chinese delegation and Saudi organizations working in energy, security, investment, and other sectors signed 34 agreements.

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 a 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.

The futuristic city of Neom is a vital part of Saudi Arabia's transition from its dependence on oil based economy to a more diversified and greener future in line with Saudi Vision 2030. 

Source: https://www.gdnonline.com