1.5GW Solar Tracker Supply Deal
The project is the largest solar plant under construction in the Middle East and is located in the Al Shubakh district of Jeddah City, Mecca.
The KSA government is actively expediting the regional energy transition, aiming for 50% of its energy to be generated from renewable sources by 2030. Saudi Arabia has invested around SR1.5 trillion ($400 billion) since 2016 in alternative energy.
Arctech has established branches in Saudi Arabia and the United Arab Emirates to deepen localization and offer white-glove services to regional clients.
With a long-term good rapport with ASB project owner ACWA Power and EPC China Energy Engineering Group Co., Ltd. (CEEC), the company has a series of trackable project portfolios in the region following the "One Belt, One Road" initiative, including the IBRI II 607MW project in Oman and the 2.1GW Al Dhafra PV2 project in Abu Dhabi, among others.
During a business meeting in Arctech's headquarters in Kunshan, China, the senior management from ACWA Power and CEEC expressed their expectation to strengthen cooperation and innovate the cooperation mode with Arctech under the Road and Belt Initiative and Saudi Arabia’s Vision 2030, becoming a pair of role models for Belt and Road cooperation.