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Saudi Arabia Procurement News Notice - 81212


Procurement News Notice

PNN 81212
Work Detail Desert Technologies has announced plans to invest SAR 750 million (USD 200 million/EUR 183.4 million) to establish a 5-GW solar panel and cell manufacturing facility in the third industrial zone of Jeddah on the west coast of Saudi Arabia. The Jeddah-based manufacturer has partnered with the Saudi Authority for Industrial Cities and Technology Zones, known as Modon, for the development of this industrial complex. Spanning an area of 170,000 square meters on land provided by Modon, the facility will feature production lines dedicated to 2 GW of solar panels and 3 GW of solar cells. The solar panels and cells produced at this new facility are expected to meet the increasing local demand for solar energy solutions and enhance the Kingdom’s standing in global non-oil export markets, according to Desert Technologies. This initiative is part of a broader series of projects aimed at localizing manufacturing technology to support the expansion of green energy in Saudi Arabia. Other projects include the establishment of production facilities for solar panels, wind turbines, and battery energy storage systems (BESS), reflecting the country’s commitment to diversifying its energy sources and promoting sustainable practices.
Country Saudi Arabia , Asia
Industry Energy & Power
Entry Date 06 Nov 2024
Source https://solarquarter.com/2024/11/05/desert-technologies-to-invest-sar-750-million-in-solar-panel-and-cell-factory-in-jeddah/

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