[Chinese banks assist in landing 15GW clean energy project] In the global energy transition wave, Saudi Arabia's actions are attracting the attention of the world. Recently, Saudi energy giant ACWA Power announced that it has secured a massive financing of up to $5.95 billion for its 15GW clean energy projects. This funding will be used to support two wind power projects and five photovoltaic projects located within Saudi Arabia, demonstrating the clear strategy of this oil kingdom to extend its energy dominance through new energy. This financing can be regarded as a "national team global tour", attracting 29 financial institutions from the Gulf region, Europe, China, Japan and other places to participate. Among them, several Chinese financial institutions, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and China Minsheng Bank, have provided strong support. The loan term is as long as 27 years, reflecting the confidence of international capital in the long-term prospects of Saudi Arabia's new energy development. The equity structure of the project is jointly held by ACWA Power, Badeel, a wholly-owned subsidiary of Saudi sovereign fund PIF, and Saudi Aramco Power Company. This national level risk sharing model greatly enhances market confidence. All projects are expected to be fully operational from the second half of 2027 to the first half of 2028. Saudi Arabia's rapid execution capability is in line with its strategy of seizing the future "second pot of gold" - by building a globally leading low-cost green power base, laying the foundation for future industries such as hydrogen energy and green metallurgy, and reshaping its role in the global energy landscape. Editor/Yang Beihua

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• 2026.03.03 08:39
• [Shenzhen releases list of major projects for 2026]
• The Shenzhen Development and Reform Commission released the "List of Major Projects in Shenzhen for 2026" on February 28. The list involves 832 major projects with a total investment of approximately 3.2 trillion yuan, and the planned investment for 2026 is approximately 309.1 billion yuan. The project unit includes multiple energy storage related enterprises, such as BYD, Coaster New Energy, etc. In the field of energy storage, the list clearly includes an independent energy storage power station project with a scale of 200MW/400MWh, as well as multiple energy storage industrialization and research and development projects.Editor/Yang Meiling

• 2026.03.03 08:39
• [Far East Group's energy storage contract amount exceeded 300 million yuan in February]
• Far East Corporation announced on March 2nd that its subsidiary has won the bid for a project. According to the announcement, in February 2026, the total amount of contracts and orders worth over 10 million yuan won and signed by its subsidiaries was approximately 887 million yuan. Among them, the total amount of energy storage system contract orders is about 308 million yuan, showing outstanding performance. During the same period, the total amount of lithium battery contract orders was approximately 17 million yuan, and the total amount of lithium battery copper foil contract orders was approximately 44 million yuan. This data reflects the company's market acquisition in the relevant field.Editor/Yang Meiling