Sungrow To Supply Energy Storage System For Neom

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

According to the report, Sungrow already has a presence in the Gulf as it previously provided inverters for a number of solar photovoltaic projects in the region, namely 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, NEOM.

Just after the visit of Chinese President Xi Jinping to the kingdom, the deal between Sungrow and ACWA saw the signing of 35 investment agreements involving organisations from the two countries, according to the report.

The deals, worth around $30 billion, covered a variety of sectors, including green energy, technology, and cloud services, 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, according to the report. 

By Sumita Pawar