Jinko Power Technology Co. Ltd. announced that it was awarded the Saad 300MWp Solar PV Project in the recent public auction for round 3 Category B solar PV projects by Saudi Arabia'sMinistry of Energy. The Saad 300MWp project (project) is to be located in central province, approximately 80 kms from Riyadh.

Electricity generated from the project will be acquired by Saudi Power Procurement Company (SPPC) through a 25-year power purchase agreement. The construction is scheduled to spread over 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.