Jinko Power signs PPA for 300 MW Solar PV project in Saudi Arabia
Jinko Power Technology Co. Ltd. has signed a 25-year power purchase agreement with Saudi Power Procurement Company (SPPC) for the 300 MWp Saad solar photovoltaic project in Saudi Arabia.
The project has been awarded by Saudi Arabia's Ministry of Energy as part of the recent public auction for Round 3 Category "B" solar PV projects. The solar project is to be located in Central Province, approximately 80 km from Riyadh. The construction is scheduled to spread from 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 100,000 cars from the road.
