Published: Sep 25, 2023 19:29
Jinko Technology recently announced that in order to further promote its global strategic layout, the board of directors has agreed to the company's investment, construction and operation of the 400MW project in Saudi Arabia, and has agreed to Jinko Hong Kong to sign a full set of project agreement documents including the purchase and sale of electricity agreement. The actual construction scale of the project is 450MWp, and the total investment of the project is about 315 million US dollars (equivalent to about 2.3 billion yuan). It is reported that the project is located in Al-Jouf area, about 17 kilometers northwest of Tabarjal City in northern Saudi Arabia. The area is a desert area with long sunshine and abundant light resources. The 400MW project in Saudi Arabia adopts the "build-own-operate" (BOO) mode, and the construction period is expected to be 21 months and the operation period is expected to be 30 years. After the completion of the project, it is expected that the annual equivalent utilization hours will be about 2874 hours, the annual average power generation will be about 1.245 billion kilowatt hours, the internal rate of return of capital will be about 8%, and the investment recovery period will be about 14 years.

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