Three energy storage projects awarded by National Grid Saudi Arabia to Riyadh-based investment group AlgihazHolding are valued at USD 700-900 mn, Meed reports, citing an unnamed source it says is familiar with the project.

The details: The projects have a combined capacity of 7.8 GWh (2.6 GWh each), and are located in Najran, Madaya, and Khamis Mushait. Construction of the project is expected to be completed later this year, with grid connection anticipated by 2025.

Background: Chinese PV inverter manufacturer Sungrow Power Supply signed an agreement with Algihaz Holding for works in the project in July. Sungrow will deliver over 1.5k units of its Power Titan 2.0 storage system, expected to save 55% of land area.

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