Shanghai Electric has signed a 2GW photovoltaic project agreement with Abu Dhabi Future Energy (Masdar) in Saudi Arabia.
The 2GW Sadawi photovoltaic project, which will be developed in cooperation with Masdar, is Shanghai Electric’s largest solar EPC project globally.
Spanning 40 square kilometres, it generates more than 6 billion kWh annually, meeting the electricity needs of 700,000 households and cutting carbon emissions by 3 million tonnes.
The project leverages advanced photovoltaic technology to maximize Saudi Arabia’s abundant sunshine and is a key component of the country’s National Renewable Energy Program.
In addition, Shanghai Electric has signed a comprehensive wind power cooperation agreement with Oman’s Mawarid Group, including wind turbine supply, technology transfer, and localized factory design.
The collaboration aims to harness Oman’s natural resources, create a local supply chain, and promote long-term economic growth.
Both agreements support Saudi Arabia’s Vision 2030 and Oman Vision 2040 initiatives.
They aim to advance the Middle East’s energy transformation through technology exports, localized manufacturing, and multi-sector collaboration.
Wu Lei, chairman of Shanghai Electric Group, said: “This is a new starting point for Shanghai Electric and Masdar to carry out comprehensive cooperation and an important milestone for Shanghai Electric to further establish itself in the Middle East’s new energy market.
“I hope both parties will work together to create a benchmark demonstration project and contribute more to the global energy transition.”
Masdar chief executive Mohamed Jameel Al Ramahi added: “Masdar attaches great importance to its partnership with Shanghai Electric and looks forward to further deepening cooperation with them in wind power, photovoltaics, energy storage, and other fields in the future to jointly promote the transformation of the global energy structure.”