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Jinko Solar nabs Neom contract: Chinese solar and energy storage company Jinko Solar is supplying 1 GW of solar modules for the solar energy plants powering Saudi Arabia’s giant Neom Green Hydrogen Project currently under construction, according to a statement. The contract was awarded by Indian multinational Larsen & Toubro’s (L&T) which was tapped last year to engineer, procure, and construct the clean energy plants that will power the green hydrogen facility.
The details: Jinko Solar will provide its Tiger Neo ‘N-Type TOPCon modules, which has a first year degradation rate that is less than 1% and linear degradation of 0.4%, according to its website.
About Neom’s project: The mega plant — located at its floating industrial complex Oxagon — is expected to produce up to 600 tons per day of green hydrogen in the form of green ammonia by the end of 2026. It will have the capacity to produce 1.2 mn tons of green ammonia annually. The facility will source its power needs from up to 4 GW of solar and wind energy.
L&T has a big role to play in the renewables phase: L&T was awarded contracts to engineer, procure, and construct a 2.2 GW PV solar plant, 1.65 GW wind farm, and a 400 MWh battery storage facility for the USD 8.4 bn green hydrogen project. L&T is also constructing three units of 380 kV switching stations and 306 km of 380 kV overhead lines required for the grid network. Construction on the first phase of the project is expected by 3Q 2024.
And is working on more projects in Saudi: The company’s construction arm is partnering with China-based PV inverter and energy storage system provider Sungrow to deploy 165 MW inverters and 160-760 MWh of battery energy storage systems at KSA’s Amaala off-grid project. L&T and Chinese power generation company Sineng Electric also supplied 1.02 GW of Sineng’s inverters to the Al Kahfah solar PV project. It also partnered with PV Hardware to provide Ar Rass 2 Solar PV Park with 957 MW of its solar trackers.
So does Jinko: Jinko signed a 25-year power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) last September to develop the 1.5 GW Tabarjal PV plant. It was also among the qualified bidders for SPPC’s 3.7 GW worth of renewable energy projects in February.
