Masdar and EDF Secure Contract for Solar Panel Installation at Saudi Malls and Hotels

Published: Mar 10, 2025 10:28

Save

UAE-based renewable energy developer Masdar and France’s EDF Group have secured a contract to install up to 3.4 MWp of rooftop solar photovoltaic (PV) panels across multiple shopping malls and hotels owned by Alandalus Property Company in Saudi Arabia. Masdar announced on Tuesday that the project will be carried out by Emerge, a joint venture between EDF and Masdar, under the Build-Own-Operate-Transfer (BOOT) model.

Under the 10-year agreement, Emerge will finance, design, construct, and maintain the PV systems, which will generate clean electricity for Hayat Mall in Riyadh, as well as Alandalus Mall and Alandalus Mall Hotel in Jeddah. The initiative aims to help Alandalus Property reduce its overall carbon footprint while supporting Saudi Arabia’s 2030 renewable energy targets.

Operating in Saudi Arabia as Al-Shorouk Sustainable Energy Company, Emerge specializes in solar power generation, energy storage, and hybrid energy solutions across the Middle East, offering services with no upfront costs for clients.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 16, 2026 15:46

De Nora and Tuleva sign a binding agreement to realize one of the largest US electrochemical lithium hydroxide plants

Italian electrochemistry and sustainable technology company Industrie De Nora S.p.A., through its subsidiary De Nora Permelec Ltd., has signed a binding Memorandum of Understanding with U.S. clean-energy materials company Tuleva Inc. to supply a high-capacity electrolysis system for Tuleva’s planned lithium hydroxide monohydrate refining project in the United States. Under the agreement, De Nora will deliver two ion-exchange membrane bipolar electrolysis systems (CECHLO 2C 843L), supporting an annual production capacity of approximately 11,000 tonnes of battery-grade lithium hydroxide monohydrate. The system contract is valued at over €10 million, and delivery is expected to be completed within 15 months after the final agreement is executed.

Feb 16, 2026 15:46

Feb 14, 2026 20:23

Baota Mountain Converter Station's AC System Energized, Marking Key Milestone in UHV Project

On February 5, the AC system of the Baota Mountain Converter Station, the sending - end station of the ±800 kV North Shaanxi - Anhui UHV DC power transmission project, was successfully energized for the first time. This marks that the AC system of the converter station has entered the startup commissioning stage, and the entire AC system of the project is expected to be put into operation before the Spring Festival. It is reported that the rated voltage of the North Shaanxi - Anhui UHV project is ±800 kV, with a rated capacity of 8 million kilowatts, and a dynamic investment of 20.5 billion yuan. The project starts from the Baota Mountain Converter Station in Yan'an City, Shaanxi Province, and ends at the Hezhou Converter Station in Hefei City, Anhui Province. It passes through three provi

Feb 14, 2026 20:23

Feb 14, 2026 20:21

World's First Multi-Source DC Project in Jiangsu Completes Phase II, Boosts Cross-River Power Transmission

On February 12, the second - phase project of the ±200 kV DC power transmission project from Yangzhou to Zhenjiang in Jiangsu, which is the world's first multi - source commutated DC power transmission project and China's first AC - DC hybrid cross - river project, was completed and put into operation. The project's transmission line is about 228 kilometers long, with a transmission capacity of 1.2 million kilowatts. It passes through three cities (Huai'an, Yangzhou, and Zhenjiang) and seven counties. Among them, a 47 - kilometer new - built DC transmission line is erected on the same tower as the 500 kV AC line, and two new converter stations are built. Without adding a new cross - Yangtze - River power transmission channel, the original cross - river power transmission capacity has been

Feb 14, 2026 20:21