Saudi Afif 1 PV IPP Project
Project
A PowerChina-led consortium signed contracts with Saudi Afif Renewable Energy Company for the Saudi Afif 1 PV IPP Project and the Saudi Afif 2 PV IPP Project, totaling 2GW of solar capacity.
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Counterparts (7)
Developer
China Hydropower Construction Group International Engineering
company
China Hydropower Construction Group International Engineering, a subsidiary of Power Construction Corporation of China (PowerChina), focuses on international engineering and construction projects, particularly in the hydropower sector. The company undertakes projects globally, contributing to infrastructure development in various countries.
Saudi Afif Renewable Energy Company
company
Saudi Afif Renewable Energy Company focuses on developing and investing in renewable energy projects. They aim to contribute to Saudi Arabia's energy transition goals through sustainable infrastructure development.
PowerChina International Group Limited
company
PowerChina International Group Limited focuses on international infrastructure development and investment. They are involved in a wide range of projects, including power generation, water infrastructure, transportation, and other infrastructure sectors.
China Power Construction Group
company
China Power Construction Group (POWERCHINA) is a large construction group that provides investment and financing, planning and design, engineering construction, equipment manufacturing, and operation management for hydropower, thermal power, new energy and infrastructure projects. They are involved in a wide range of infrastructure projects globally.
EPC consortium member
China Hydropower Construction Group International Engineering
company
China Hydropower Construction Group International Engineering, a subsidiary of Power Construction Corporation of China (PowerChina), focuses on international engineering and construction projects, particularly in the hydropower sector. The company undertakes projects globally, contributing to infrastructure development in various countries.
China Power Construction Group East China Survey and Design Research Institute Co., Ltd.
company
China Power Construction Group East China Survey and Design Research Institute Co., Ltd. is an engineering and design firm focused on power and infrastructure projects. It is a subsidiary of China Power Construction Group.
China Electric Power Construction Group Co., Ltd.
company
China Electric Power Construction Group Co., Ltd. (POWERCHINA) is a Chinese state-owned enterprise that provides investment, development, construction, and operation services for energy and infrastructure projects globally. The company focuses on power generation, water infrastructure, transportation, and other infrastructure sectors.
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Deal Analysis
A PowerChina-led consortium has signed contracts with Saudi Afif Renewable Energy Company for the development of the Saudi Afif 1 & 2 PV IPP Projects, representing a significant 2GW of solar capacity in Saudi Arabia. The deal underscores PowerChina's growing influence in the international renewable energy market and Saudi Arabia's commitment to diversifying its energy mix through large-scale solar projects. The involvement of multiple PowerChina subsidiaries as developers and EPC consortium members highlights a vertically integrated approach to project execution.
This development is particularly noteworthy due to its scale and the strategic partnership between Chinese and Saudi entities. The 2GW capacity represents a substantial addition to Saudi Arabia's renewable energy portfolio. The deal also signals continued investment and expansion of Chinese companies in the Middle East's renewable energy sector, leveraging their expertise in solar technology and project development. The successful execution of these projects could further solidify PowerChina's position as a leading global player in renewable energy infrastructure.
- 2GW solar capacity represents a substantial project size.
- PowerChina-led consortium demonstrates Chinese expertise in solar development.
- Saudi Afif Renewable Energy Company signifies Saudi Arabia's commitment to renewable energy.
- Multiple PowerChina subsidiaries involved as developers and EPC consortium members.
Source Intelligence
KEY DETAILS
The construction period for both projects is 26 months. The 2GW Furais PV project is located approximately 85 kilometres north of Jeddah, Makkah Province in western Saudi Arabia.
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Deal Size
the total contract value exceeding RMB30 billion (US$4.2 billion).
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Capacity
the 2GW Furais PV project (PIF Phase VI)
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Location
Both projects are located in Afif Town, Riyadh Province, in central Saudi Arabia.
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Announcement
On 11 October, PowerChina announced that its subsidiaries, China Hydropower Construction Group International Engineering and PowerChina Huadong Engineering Corporation Limited, have formed a consortium with China Power Construction Group and signed contracts with Saudi Afif Renewable Energy Company for the Saudi Afif 1 PV IPP Project and the Saudi Afif 2 PV IPP Project.
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Signing
On 11 October, PowerChina announced that its subsidiaries, China Hydropower Construction Group International Engineering and PowerChina Huadong Engineering Corporation Limited, have formed a consortium with China Power Construction Group and signed contracts with Saudi Afif Renewable Energy Company for the Saudi Afif 1 PV IPP Project and the Saudi Afif 2 PV IPP Project.
PARTIES MENTIONED IN SOURCE
P
PowerChina
developer
"PowerChina announced that its subsidiaries, China Hydropower Construction Group International Engineering and PowerChina Huadong Engineering Corporation Limited, have formed a consortium with China Power Construction Group and signed contracts with Saudi Afif Renewable Energy Company for the Saudi Afif 1 PV IPP Project and the Saudi Afif 2 PV IPP Project."
E
Energy China
developer
"Energy China announced that a consortium formed by its subsidiaries China Energy Construction International Construction Group, China Energy Construction Group Guangdong Huodian Engineering and China Power Engineering Consulting Group Northwest Electric Power Design Institute, has signed three new solar and wind EPC contracts with a project company jointly established by Saudi International Power and Water Company, Saudi Aramco Power Company and the kingdom’s sovereign wealth fund, the Saudi Public Investment Fund (PFI)."
S
Saudi Afif Renewable Energy Company
buyer
"PowerChina announced that its subsidiaries, China Hydropower Construction Group International Engineering and PowerChina Huadong Engineering Corporation Limited, have formed a consortium with China Power Construction Group and signed contracts with Saudi Afif Renewable Energy Company for the Saudi Afif 1 PV IPP Project and the Saudi Afif 2 PV IPP Project."
S
Saudi International Power and Water Company
buyer
"a project company jointly established by Saudi International Power and Water Company, Saudi Aramco Power Company and the kingdom’s sovereign wealth fund, the Saudi Public Investment Fund (PFI)."
S
Saudi Aramco Power Company
buyer
"a project company jointly established by Saudi International Power and Water Company, Saudi Aramco Power Company and the kingdom’s sovereign wealth fund, the Saudi Public Investment Fund (PFI)."
S
Saudi Public Investment Fund (PFI)
investor
"a project company jointly established by Saudi International Power and Water Company, Saudi Aramco Power Company and the kingdom’s sovereign wealth fund, the Saudi Public Investment Fund (PFI)."
high quality
Enriched Feb 19, 2026
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