Arab Press

بالشعب و للشعب
Friday, Jun 20, 2025

China’s clean power firm Sungrow to supply energy storage system for NEOM

China’s clean power firm Sungrow to supply energy storage system for NEOM

China-based clean power firm Sungrow has signed a Memorandum of Understanding with Saudi Arabia-based power generation company ACWA Power to supply an energy storage system for NEOM city, according to a statement.
Under the terms of the MoU, Sungrow will provide a 536 megawatt/600 megawatt-hour facility for the Giga project.

In addition to this, Sungrow and ACWA Power also signed a strategic cooperation agreement in an attempt to encourage collaboration between China and the Kingdom in the clean energy industry.

This will also raise the contribution of both countries to the Belt and Road Initiative and the Saudi Vision 2030 respectively.

Sungrow already has a presence in the Gulf as it previously provided inverters for a number of solar photovoltaic projects in the region.

Among the projects that Sungrow has participated in are the 1.6 GW Sudair project in the Kingdom, the 800 MW Al-Kharsaah project in Qatar, a 900 MW project in Dubai, as well as a 1.5 GW photovoltaic solar project in Abu Dhabi.

Founded in 1997, Sungrow is committed to providing clean power for all and is steadfast in its efforts to become the global leader in clean power conversion technology.

Earlier this year, in April, ACWA Power and its partners kicked off the construction work at the world's largest green hydrogen project in NEOM. 

The partners announced a limited notice to proceed with a $900 million contract for the engineering, procurement and construction of the project, according to a bourse filing by ACWA Power. 

Paddy Padmanathan, CEO of ACWA Power, told Arab News in an interview last year that the project will be a game-changer for the Kingdom and the company as it will help ACWA expand into the green hydrogen business once it’s completed.

The facility is anticipated to be powered by 4 GW of renewable power from onshore solar, wind, and storage.

NEOM is a pillar of Saudi Arabia’s Vision 2030 and is being precisely constructed with a foundation that serves nine specialized investment sectors: energy, biotech, food, mobility, advanced manufacturing, technological and digital sciences, tourism, media, and entertainment; all sectors strategically designed to attract international investment, and all part of a grand push to diversify Saudi Arabia’s oil-centric economy.

The deal between Sungrow and ACWA Power comes just days after the visit of Chinese President Xi Jinping to the Kingdom saw the signing of 35 investment agreements involving organizations from the two countries.

The deals covered a range of sectors, including green energy, technology and cloud services, and were worth about $30 billion, and come as China seeks to shore up its COVID-19-hit economy and the Kingdom continues to diversify its economic and political alliances in line with Vision 2030.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Saudi Arabia Faces Uncertainty Over Succession After Mohammed bin Salman
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Majority of French Voters View Macron's Presidency as a Failure
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Businessman Mauled by Lion at Luxury Namibian Lodge
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
×