Jinko Power Technology Company awarded the Saad 300MWP Solar PV Project for Round 3 Category "B" solar PV projects by Saudi Arabia`s Ministry of Energy. The Saad 300MWp project is to be located in Central Province, approximately 80 kms from Riyadh. Electricity generated from the Project will be acquired by Saudi Power Procurement Company (SPPC) through a 25-year power purchase agreement. The construction is scheduled to spread over 2022 to 2023.

The plant will use bifacial solar panels, the latest technology that will receive solar irradiation on both the front and backside of the panels, thus increasing energy generation efficiency. Once operational, the plant is expected to reduce Riyadh`s CO2 emissions by more than 0.5 million metric tons per year, equivalent to removing approximately 100000 cars from the road.

The projects represents another successful milestone to deliver the National Renewable Energy Program targets and is a testament to the commitment of the Kingdom to reduce energy related emissions while building a holistic and results-oriented Circular Carbon Economy. They also are practical steps towards achieving a number of strategic Saudi Vision 2030 goals, for the energy ecosystem in general and for the electricity sector in particular.