PowerChina subsidiary awarded Afif solar PV projects

Deal Analysis

PowerChina, through a consortium of its subsidiaries, has been awarded the Afif solar PV projects in Saudi Arabia, marking a significant development in the Kingdom's renewable energy sector. The consortium, consisting of China Hydropower Construction Group International Engineering Co., Ltd., China Power Construction Group East China Survey and Design Research Institute Co., Ltd., and China Electric Power Construction Group Co., Ltd., signed contracts with Saudi Afif Renewable Energy Company for the Afif 1 and Afif 2 PV IPP projects. This development signifies PowerChina's continued expansion and influence in the global renewable energy market, particularly in the Middle East. The Afif solar PV projects, with a combined capacity of 2000 MW, represent a substantial investment in Saudi Arabia's solar energy infrastructure. The involvement of PowerChina, a major player in global infrastructure development, underscores the strategic importance of these projects. This deal highlights the increasing collaboration between Chinese and Saudi Arabian entities in the renewable energy sector, aligning with Saudi Arabia's Vision 2030 goals for diversifying its energy sources and reducing its reliance on fossil fuels.

2000 MW solar PV project capacity
Involvement of PowerChina and its subsidiaries
Located in Saudi Arabia, a key market for renewable energy development
Development type project, indicating early stage investment opportunity

Market Context: The solar energy sector in Saudi Arabia is experiencing rapid growth, driven by the Kingdom's ambitious renewable energy targets and favorable solar irradiance. The country is actively seeking foreign investment and expertise to develop its solar energy infrastructure, making it an attractive market for international players like PowerChina.

Source Intelligence

KEY DETAILS

The contract amounts are equivalent to approximately RMB 5.843 billion (USD 823 million) and RMB 5.876 billion (USD 827.6 million) respectively. The contract period was 26 months.

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Deal Size

POWERCHINA subsidiary awarded $1.65 billion Afif solar PV projects

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Capacity

the construction of a 2000MW photovoltaic field

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Location

Both projects are located in Afif Town, Riyadh Province in central Saudi Arabia.

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Announcement

16 November 2025

PARTIES MENTIONED IN SOURCE

P

Power Construction Corporation of China (POWERCHINA) developer

"Power Construction Corporation of China (POWERCHINA) announced that its subsidiary China Hydropower Construction Group International Engineering Co., Ltd., China Power Construction Group East China Survey and Design Research Institute Co., Ltd. and China Electric Power Construction Group Co., Ltd. formed a consortium to sign Saudi Afif 1 PV IPP project and Saudi Afif 2 PV IPP project contracts with Saudi Afif Renewable Energy Company."

C

China Hydropower Construction Group International Engineering Co., Ltd. developer

"Power Construction Corporation of China (POWERCHINA) announced that its subsidiary China Hydropower Construction Group International Engineering Co., Ltd., China Power Construction Group East China Survey and Design Research Institute Co., Ltd. and China Electric Power Construction Group Co., Ltd. formed a consortium to sign Saudi Afif 1 PV IPP project and Saudi Afif 2 PV IPP project contracts with Saudi Afif Renewable Energy Company."

C

China Power Construction Group East China Survey and Design Research Institute Co., Ltd. developer

"Power Construction Corporation of China (POWERCHINA) announced that its subsidiary China Hydropower Construction Group International Engineering Co., Ltd., China Power Construction Group East China Survey and Design Research Institute Co., Ltd. and China Electric Power Construction Group Co., Ltd. formed a consortium to sign Saudi Afif 1 PV IPP project and Saudi Afif 2 PV IPP project contracts with Saudi Afif Renewable Energy Company."

C

China Electric Power Construction Group Co., Ltd. developer

"Power Construction Corporation of China (POWERCHINA) announced that its subsidiary China Hydropower Construction Group International Engineering Co., Ltd., China Power Construction Group East China Survey and Design Research Institute Co., Ltd. and China Electric Power Construction Group Co., Ltd. formed a consortium to sign Saudi Afif 1 PV IPP project and Saudi Afif 2 PV IPP project contracts with Saudi Afif Renewable Energy Company."

S

Saudi Afif Renewable Energy Company buyer

"Power Construction Corporation of China (POWERCHINA) announced that its subsidiary China Hydropower Construction Group International Engineering Co., Ltd., China Power Construction Group East China Survey and Design Research Institute Co., Ltd. and China Electric Power Construction Group Co., Ltd. formed a consortium to sign Saudi Afif 1 PV IPP project and Saudi Afif 2 PV IPP project contracts with Saudi Afif Renewable Energy Company."

high quality Enriched Feb 19, 2026