China-based clean energy and solar inverter supplier Sungrow signed a memorandum of understanding (MoU) with power generation firm ACWA Power in Saudi Arabia. The Sungrow will supply an energy storage system for Neom city’s mega-project.
ACWA Power is part of a joint venture building the world’s largest utility-scale, commercially based green hydrogen facility in NEOM, which will be powered by around four gigawatts of renewable power from onshore solar, wind, and storage.
Sungrow said in a press statement that it will supply a 536 megawatt/600 megawatt-hour energy storage system for NEOM.
Both companies also signed a strategic cooperation agreement with an incredible objective to stimulate cooperation between China and the Kingdom of Saudi Arabia, in the clean energy ambition along with the Belt and Road initiative and Saudi Vision 2030 respectively.
Sungrow And Green Hydrogen System Initiative
Sungrow already holds a reputable name in the Gulf as it formerly delivered inverters for numerous solar photovoltaic projects in the territory, comprising the 1.6 GW Sudair project in Saudi Arabia, the 800 MW Al-Kharsaah project in Qatar, a 900 MW project in Dubai about Phase 5 of the Mohammed bin Rashid Al Maktoum Solar Park, and 1.5GW solar scheme in Abu Dhabi.
It was established in 1997, perpetrated to equip immaculate and clean power for everyone. Sungrow power supply firm is extremely steadfast in its endeavors to evolve as the multinational authority in clean power conversion technology.
In April 2022, ACWA Power and its allies initiated the construction work at the world’s gigantic green hydrogen project in Neom city.
The partners declared a restricted notice to rumble on with a $900 million agreement for the engineering, procurement, and building of the project, as stated by ACWA Power.
Paddy Padmanathan, CEO of ACWA Power, said in an interview to Arab News said that this project will undoubtedly prove to be an extraordinary crunch point for Saudi Arabia and the company, as it will enable ACWA to develop into the green hydrogen industry after its culmination.
The establishment is expected to be powered by 4 GW of renewable energy from shoreward solar, wind/waft, and storage.
Energy Storage System for Neom City: A Game-Changer Project for Saudi Arabia
NEOM is the utmost tipping point of Saudi Arabia’s Vision 2030. It is being rigidly built with a basis that conforms to nine specialized acquisition sectors: power, biotech, food, mobility, encroached manufacturing, technical and digital sciences, tourism, media, and recreation. All of these sectors are strategically planned to entice global investment, to diversify Saudi Arabia’s oil-centric thrift.
The treaty between Sungrow and ACWA Power came just a few days after the stay of Chinese President Xi Jinping in the Kingdom. This spectacular visit commemorated the signing of 35 investment contracts between organizations from the two countries after the summit held in Riyadh.
The deals wrapped up a spectrum of sectors, including green energy, technology, and cloud services—with a cost of about $30 billion. This ambition came as China is still striving to thrive and boost its economy after the COVID-19 pandemic and the Kingdom persists in diversifying its monetary and political coalitions in line with Vision 2030.
KSA Accomplishes Clean Energy Milestone
Saudi Arabia recently accomplished a clean energy landmark when the first freight of ‘blue’ ammonia reached South Korea.
The world’s first retail freight of certified clean blue ammonia has successfully reached South Korea from King Fahad Industrial Port located in Jubail, Saudi Arabia—carrying 25,000 metric tons of cargo anchored in Ulsan.
SABIC Agri-Nutrients and Saudi Aramco shipped the cargo out. And, delegates of the companies united with that South Korea’s Lotte Fine Chemicals, to catch sight of the remarkable advent.
Abdulaziz bin Salman, energy minister of Saudi Arabia, said: “Through cooperations like those with SABIC and Saudi Aramco, Saudi Arabia is functioning towards coming to be the world’s biggest exporter of clean (blue) hydrogen by 2030.”
“Our Kingdom maintains extensive natural gas resources and abundant renewable energy which allow a capacity to yield clean (blue) hydrogen at a competitive price – this can then be turned into ammonia.”, he further added.
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