Solar tracker manufacturing firm in the Middle East, PVH, has joined hands with China Energy Engineering Group Co., Ltd (CEEC) for 1.7 GW for MENA’s largest solar project. Located in Jeddah City’s Al Shuaibah region in the Makkah Province of Saudi Arabia, the project is set to accelerate the Kingdom’s goal for “Vision 2030”.
Saudi Arabia aspires for 50% of its energy from renewable energy sources by 2030. The government is establishing a pipeline of 27.3 GW of renewable energy initiatives. At the same time, the Saudi Public Investment Fund (PIF) is eyeing the development of 70% of nation’s renewable energy capacity by decade-end, with an investment of close to SR1.5 trillion ($400 billion) in renewable energy since 2016.
The Al Shuaibah project will see an investment worth SR8.3 billion ($2.2 billion) in two phases and will boast of a 2 GW solar plant with commercial operations slated for the fourth quarter of 2025. “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”, statedYoussef El Sayed, CEO of PVH Middle East.
On his visit to the PVH Saudi factory, Mohammad A. Abunayyan, Chairman of ACWA Power remarked, “PVH and ACWA Power have a synergy since the beginning of working together in mega scale projects. This is yet another example of our ambitious partnership to keep growing in scale and innovation.”