上能电气签署2.6GW沙特光伏项目

Company Overview - The company, Shangneng Electric, has signed a 2 6GW photovoltaic inverter supply agreement for the Saudi PIF Phase IV photovoltaic power station project, which is part of Saudi Arabia's National Renewable Energy Plan (NREP) [1] - The supply agreement covers two sub-projects: the Haden solar photovoltaic power station (1GW) and the Al-Khushaybi power station project (1 6GW) [1] - The company will provide its 8 8MW centralized inverter-booster integrated machine, which is designed to handle high temperatures and sandy conditions, ensuring stable power generation [1] - Shangneng Electric has been expanding its global presence since 2018, with its first overseas inverter factory in India and a presence in major photovoltaic markets including the US, Europe, India, the Middle East, Africa, South America, Southeast Asia, and Central Asia [2] - The company's inverter shipments reached 23 47GW in 2023, a 133% year-on-year increase, ranking fourth globally in photovoltaic inverter shipments [2] - Shangneng Electric's revenue grew significantly in 2022 and 2023, with revenues of 2 339 billion yuan and 4 933 billion yuan, respectively, representing year-on-year growth of 114% and 111% [2] - In the first three quarters of 2024, the company's revenue was 3 069 billion yuan, a 7 3% year-on-year decrease, while net profit attributable to the parent company increased by 44 82% to 302 million yuan [2] Industry Trends - The Middle East's photovoltaic and energy storage market has experienced explosive growth following Saudi Arabia's "Vision 2030" and similar initiatives by neighboring countries such as the UAE and Oman [2] - Saudi Arabia's inverter exports to the Middle East surged by 694% in the first seven months of 2024, reaching 116 million USD, driven by the acceleration of large-scale photovoltaic power station tenders [3] - The long-term energy transition plans in the region are expected to sustain demand for photovoltaic inverters, with companies like Shangneng Electric benefiting from their experience and competitive pricing in ground power station projects [3] Strategic Achievements - The Saudi PIF Phase IV project represents another significant achievement for Shangneng Electric in its collaboration with international partners under the "Belt and Road" initiative [1] - The company continues to focus on technological innovation, leveraging its products, brand, and service capabilities to support global clients in transitioning to clean energy and contributing to a zero-carbon future [1]