Saudi developer ACWA Power has announced One Belt, One Road Chinese infrastructure partner Shanghai Electric will offer engineering, procurement and construction services on the next phase of the Mohammed bin Rashid Al Maktoum solar field in Dubai.
The two nations are due to sign an MoU today to set up the capacity in the north of Bangladesh along with 50 MW of wind power facilities in the south, near the port of Payra. China will supply an estimated $500m with the host nation freeing up land for the projects.
A report by Greenpeace has found in the five years since China announced the continent spanning ‘One Belt, One Road’ infrastructure plan, investment in Belt & Road countries has supported 12.6 GW of wind and solar power generation capacity. That compares with just 450 MW which came online in the territories before 2014. The initiative has also supported 68 GW of new coal capacity.
The Chinese state-owned infrastructure investment fund, which already has strong ties to the Saudi power company, will be a major shareholder in a Middle East and African clean energy portfolio that adds up to 1668 MW of generation capacity.
The Chinese thin film giant has transformed itself into a solar manufacturing equipment supplier and is set to expand a strategy which sees affiliates help fund industrial parks which then generate orders for its thin film production lines.
The Saudi energy company and Chinese inverter maker and comms firm will team up to use information and communications technology to improve the performance of the former’s PV plants.
Plans were broadly sketched out in the nation’s twelfth five-year plan, in 2008. Since then China’s Defense Science and Technology Bureau has supported key technology research. An initial, megawatt-scale project is planned in the stratosphere sometime in the 2021-2025 period.
Since 2012, Kazakhstan has shown increased interest in its energy transition and put in place supportive regulations. The country lies in the path of China’s ‘One Belt, One Road’ initiative, which unlocks large-scale infrastructure investments.
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