saudi arabia pif

Two Chinese state-owned energy enterprises have signed cooperation agreements on PV and wind power projects with Saudi companies, with the total contract value exceeding RMB30 billion (US$4.2 billion). 

Saudi Arabia's PIF has signed two solar PV manufacturing agreements with Chinese manufacturers JinkoSolar and TCL Zhonghuan Renewable Energy.

Rising demand for green projects in investor portfolios is "broadening the geographic base" of the solar market, with 36 nations set to install more than 1GW of solar by 2029.

Saudi Arabia’s Public Investment Fund (PIF) has raised its shareholding in renewable energy developer ACWA Power.