Monday Feb 06, 2023

LONGi to supply 400MW of Hi-MO 5 modules for project in Saudi Arabia – PR Newswire

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In 2021, Japan’s Marubeni Corporation announced that it had signed a Power Purchase Agreement (PPA) for the Rabigh project with the Saudi Power Procurement Company (SPPC), with the latter committing to the purchase of power produced for a period of 25 years following the project’s Commercial Operation Date (COD).

The COD is forecast to take place in July 2023 and will be Marubeni’s first large-scale solar project in Saudi Arabia and its fourth in the MENA region. It was selected in 2020 by the Japanese Ministry of the Environment for the Joint Crediting Mechanism (JCM) financing programme, a venture resulting from cooperation between the Saudi and Japanese governments.

Guo Huojin, General Manager of GPEC, said at the ceremony: ‘Under Vision 2030, the Rabigh project represents a new chapter for us in attracting projects in Saudi Arabia and it is important that we now deliver a high-quality project to our client, in close collaboration with our partners LONGi and GTek. We look forward to building a long term strategic partnership between our three companies.’

Omar Alluhaydan, GTek Solar CEO, added: ‘Signing up for the Rabigh project is another step towards a sustainable future with our partners, while helping achieve Vision 2030’s objective of increasing the contribution of renewable energy.’

Jia Chao, LONGi VP for MEA & CA, concluded: ‘Saudi Arabia is at the heart of the Arab and Islamic worlds, leading investment capabilities and sustainable Vision 2030 ambitions. LONGi, GPEC and GTek will work together to win and build more mega projects to drive the Saudi energy transformation, in order to accomplish the Kingdom’s vision of renewables contributing up to 50% of the total energy mix by 2030.’

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘Utilizing Solar Energy, Building a Green World’ and brand philosophy of ‘Steadfast and Reliable Technology Leadership’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers, cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has, more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/en

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SOURCE LONGi

Source: https://www.prnewswire.com/ae/news-releases/longi-to-supply-400mw-of-hi-mo-5-modules-for-project-in-saudi-arabia-846975466.html

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