In February 2025, a consortium formed by Yellow River Company and French Power Group New Energy Company successfully won the bid for the 1.4GW photovoltaic project in Saudi Arabia's fifth round of renewable energy bidding. This project not only marks another important achievement for Yellow River Company in promoting the implementation of the Memorandum of Understanding on Renewable Energy Cooperation between China and Saudi Arabia, but also enables it to have a stock equity installed capacity of over one million kilowatts in renewable energy projects in Saudi Arabia, ranking among the top renewable energy developers in Saudi Arabia.

Project Overview and Scale

The winning bid for the Saudi Arabia's fifth round of photovoltaic bidding MAS and AHK2 projects is a key planning project under Saudi Arabia's "2030 Vision" and National Renewable Energy Program (NREP). The bidding scale of Yellow River Company is MAS 1000 MW and AHK2 400 MW respectively. Among them, the MAS project is the first gigawatt scale project that Yellow River Company has won the bid for in the fierce global market competition, and it is also its first project to achieve the transformation from following to running in parallel in regional and national markets.

Project location and contribution

The MAS project is located in the eastern part of Dharghat town in Al Hil province, Saudi Arabia, while the AHK2 project is located in the southeastern part of Al Henakiyah town in Medina province, Saudi Arabia. These two projects will comprehensively introduce the "Yellow River Plan" in terms of financing, construction, equipment, technology, operation and maintenance management, which will not only help promote high-quality co construction of the the Belt and Road and strengthen China Saudi Arabia production capacity cooperation, but also help Saudi Arabia achieve diversification and green transformation of its energy structure. After completion, the project is expected to produce approximately 4.4 billion kilowatt hours of clean electricity annually, providing green and stable clean energy for about 150000 households in the local area.

Project Progress and Plan

Since winning the bid in October 2024, the project has progressed rapidly. In December 2024, Yellow River Company completed its investment decision and signed the power purchase agreement and project development agreement; On January 13, 2025, obtained the Certificate of Overseas Investment for Enterprises from the Ministry of Commerce; On January 17th, the EPC general contracting agreement was signed; On January 22nd, successfully obtained the notice of filing for overseas investment projects from the National Development and Reform Commission. Next, Yellow River Company will strictly implement the decision-making requirements of the project implementation plan, prepare for project financing closure and commencement, and promote high-quality project construction and implementation, aiming to build it into a benchmark for clean energy projects in Sino French and Sino Saudi cooperation.

Future prospects

Hu Gaofeng, Deputy Director of the International Business Department of Yellow River Company, stated that the company will make every effort to promote project construction and further enhance its regional market influence in Saudi Arabia. Through this project, Yellow River Company will not only occupy a more important position in the global renewable energy market, but also contribute more to promoting global energy transformation and sustainable development.(This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website strategy column editor/Miao Ting