During the first China-Arab States Summit last week, Sungrow signed a battery storage supply agreement for NEOM, Saudi Arabia’s new ‘smart city’ megadevelopment. The summit on 9 December, attended by Chinese premier Xi Jinping and leaders of 21 Arab League countries, aimed to reinforce ties between the nations and increase cooperation in areas including economic development and building links between communities. Its outcome included Chinese and Saudi Arabian and Saudi organisations signing 34 agreements for various energy, security, investment, and other initiatives.
The MoU builds on a longstanding relationship between ACWA Power and Sungrow. It was one of 13 deals or agreements the developer signed with Chinese entities during or around the Summit, building on a claimed US$10 billion of projects ACWA has worked with Chinese companies on since it opened offices in Beijing in 2009.
Sungrow meanwhile said the NEOM MoU builds on a successful track record for the company in delivering PV and solar-plus-storage projects in the Middle East including work on Sudair, a 1.6GW PV plant in Saudi Arabia.
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