PVTIME – Sungrow has recently entered into a significant agreement with Algihaz Holding in Saudi Arabia, marking the largest energy storage order in the world to date.
The project comprises three sites with a total installed capacity of 7.8GWh, located in the Najran, Madaya and Khamis Mushait regions of Saudi Arabia. Delivery is scheduled to commence in 2024. Full-capacity grid-connected operation is expected to commence in 2025.
Sungrow will deliver more than 1,500 sets of PowerTitan 2.0 liquid-cooled energy storage systems with integrated AC storage and high energy density to support the plants in a high-temperature environment. This solution will result in a 55% reduction in land usage area. Furthermore, CALB Tech will provide approximately 7.8 million battery cells.
The new plants will ensure the stability and reliability of the Saudi power grid over its 15-year operational lifespan and will play a pivotal role in enabling Saudi Arabia to achieve its Vision 2030, which outlines plans to increase renewable energy capacity to 58.7GW by 2030, a target that has now been raised to 130GW. In order to encourage the growth of renewable energy, Saudi Arabia offers a variety of incentives to attract both domestic and international investors to participate in photovoltaic projects. These include tax incentives, assistance with land use, and long-term power purchase agreements.
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