{"id":88716,"date":"2024-08-14T00:00:00","date_gmt":"2024-08-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/"},"modified":"2024-08-14T00:00:00","modified_gmt":"2024-08-14T00:00:00","slug":"china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/","title":{"rendered":"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant"},"content":{"rendered":"

Saudi is getting a new 2 GW solar power plant: <\/strong>China Energy Engineering has signed a USD 972 mn contract to build a 2 GW solar power plant, Reuters<\/a> reports, citing a filing to the Shanghai Stock Exchange earlier this week. <\/p>\n

Details are scant: <\/strong>The plant will be built under a JV between a China Energy Engineering consortium and the Public Investment Fund (PIF), Acwa Power, and Saudi Aramco Power Company. Construction is expected to take 31 months, according to the filing.<\/p>\n

Chinese-Saudi investments are heating up: <\/strong>The agreement comes just weeks after officials from Saudi and China discussed increasing trade and investment<\/a> between the two countries. PIF inked MoUs<\/a> worth up to USD 50 bn with six major Chinese banks to boost investments in the Kingdom earlier this month, and signed three separate agreements<\/a> with major Chinese producers last month to localize the manufacturing of wind and solar power generation components worth USD 3 bn<\/a>.<\/p>\n

China Energy is already working in the region: <\/strong>Acwa Power signed an engineering, procurement and construction agreement with the company for its 400 MW solar energy project<\/a> in Tashkent last year, and another agreement to co-develop Central Asia\u2019s largest wind turbine<\/a>. The Chinese firm also signed a framework agreement with Egypt\u2019s Suez Canal Economic Zone for its USD 6.75 bn green hydrogen plant<\/a> which will generate 210k ton of green hydrogen annually. The company also inked an agreement with Morocco\u2019s Gaia Energy and Saudi Arabia\u2019s Ajlan & Bros to jointly build a green hydrogen production facility in Morocco back in 2023<\/a>.<\/p>\n

IN CONTEXT- <\/strong>Business activity between Saudi and China has been ramping up, after officials from the two countries discussed increasing trade and investment last month<\/a>. This was followed with the PIF forming three renewable energy JVs<\/a> with major Chinese players worth USD 3 bn<\/a>, and also inking MoUs<\/a> worth up to USD 50 bn with major Chinese banks. The government is also taking steps to deepen our relationship with China even as we wait for news of a series of agreements with the US on security, nuclear power, and advanced technologies. We<\/a>have background<\/a>here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 2 GW power plant could take 31 months to complete<\/p>\n","protected":false},"author":1,"featured_media":88717,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2573],"tags":[448,10,1151,451,3033,569],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-acwa-power","tag-enterpriseam-ksa","tag-public-investment-fund-pif","tag-renewables","tag-saudi-aramco-power-company","tag-saudi-china-relations","wpautop","entry"],"acf":{"mongo_id":"51a98a8b-d279-4ee9-9de6-2d67e154e9d5","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1223.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant","related_issue":[88711],"teaser":"The 2 GW power plant could take 31 months to complete","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.dbfdf703-6344-42b2-b994-608e4b917b8f.mp3"},"yoast_head":"\nChina-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant\" \/>\n<meta property=\"og:description\" content=\"The 2 GW power plant could take 31 months to complete\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant\",\"datePublished\":\"2024-08-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/\"},\"wordCount\":356,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ACWA power\",\"EnterpriseAM KSA\",\"Public Investment Fund (PIF)\",\"RENEWABLES\",\"Saudi Aramco Power Company\",\"Saudi-China relations\"],\"articleSection\":[\"RENEWABLES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/\",\"name\":\"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/","og_locale":"en_US","og_type":"article","og_title":"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant","og_description":"The 2 GW power plant could take 31 months to complete","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/","og_site_name":"KSA","article_published_time":"2024-08-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant","datePublished":"2024-08-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/"},"wordCount":356,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1","keywords":["ACWA power","EnterpriseAM KSA","Public Investment Fund (PIF)","RENEWABLES","Saudi Aramco Power Company","Saudi-China relations"],"articleSection":["RENEWABLES"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/","name":"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1","datePublished":"2024-08-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/14\/china-ksa-consortium-earmarks-usd-972-mn-for-a-new-2-gw-solar-power-plant\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1223.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/88716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=88716"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/88716\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/88711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/88717"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=88716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=88716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=88716"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=88716"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=88716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}