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Shanghai Electric Forms Major Partnerships with Masdar and Mawarid for Renewable Energy Projects

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Shanghai Electric (SIELY) has secured two major renewable energy partnerships in the Middle East. The company signed a 2-gigawatt photovoltaic project with Abu Dhabi's Masdar in Saudi Arabia and a comprehensive wind power agreement with Oman's Mawarid Group.

The Sadawi photovoltaic project, spanning 40 square kilometers, will generate over 6 billion kWh annually, powering 700,000 households and reducing carbon emissions by 3 million tons. In Oman, the partnership includes wind turbine supply, technology transfer, and localized factory design.

These agreements support Saudi Arabia's Vision 2030 and Oman Vision 2040 initiatives, focusing on energy transformation through technology exports and local manufacturing. The collaborations aim to reduce fossil fuel dependence, promote economic diversification, and establish Shanghai Electric as a key player in the Middle East's renewable energy market.

Shanghai Electric (SIELY) ha ottenuto due importanti partnership nel settore delle energie rinnovabili in Medio Oriente. L'azienda ha firmato un progetto fotovoltaico da 2 gigawatt con Masdar di Abu Dhabi in Arabia Saudita e un accordo completo per l'energia eolica con il gruppo Mawarid dell'Oman.

Il progetto fotovoltaico Sadawi, che copre un'area di 40 chilometri quadrati, produrrà oltre 6 miliardi di kWh all'anno, alimentando 700.000 abitazioni e riducendo le emissioni di carbonio di 3 milioni di tonnellate. In Oman, la collaborazione comprende la fornitura di turbine eoliche, il trasferimento tecnologico e la progettazione di uno stabilimento locale.

Questi accordi supportano le iniziative Vision 2030 dell'Arabia Saudita e Vision 2040 dell'Oman, focalizzate sulla trasformazione energetica attraverso l'esportazione di tecnologia e la produzione locale. Le collaborazioni mirano a ridurre la dipendenza dai combustibili fossili, promuovere la diversificazione economica e consolidare Shanghai Electric come attore chiave nel mercato delle energie rinnovabili del Medio Oriente.

Shanghai Electric (SIELY) ha asegurado dos importantes alianzas en energías renovables en Oriente Medio. La empresa firmó un proyecto fotovoltaico de 2 gigavatios con Masdar de Abu Dhabi en Arabia Saudita y un acuerdo integral de energía eólica con el grupo Mawarid de Omán.

El proyecto fotovoltaico Sadawi, que abarca 40 kilómetros cuadrados, generará más de 6 mil millones de kWh anuales, suministrando energía a 700,000 hogares y reduciendo las emisiones de carbono en 3 millones de toneladas. En Omán, la colaboración incluye el suministro de turbinas eólicas, transferencia tecnológica y el diseño de una fábrica local.

Estos acuerdos respaldan las iniciativas Visión 2030 de Arabia Saudita y Visión 2040 de Omán, centradas en la transformación energética mediante la exportación de tecnología y la fabricación local. Las colaboraciones buscan reducir la dependencia de los combustibles fósiles, fomentar la diversificación económica y posicionar a Shanghai Electric como un actor clave en el mercado de energías renovables de Oriente Medio.

Shanghai Electric (SIELY)� 중동 지역에� � 건의 주요 재생 에너지 파트너십� 체결했습니다. � 회사� 아부다비� Masdar와 사우디아라비아에� 2기가와� 태양� 프로젝트�, 오만� Mawarid 그룹과는 종합적인 풍력 발전 협약� 맺었습니�.

40평방킬로미터� 달하� Sadawi 태양� 프로젝트� 연간 60� kWh 이상� 생산하여 70� 가구에 전력� 공급하고 탄소 배출량을 300� � 줄일 예정입니�. 오만에서� 풍력 터빈 공급, 기술 이전 � 현지 공장 설계가 포함� 협력� 진행됩니�.

� 협약들은 기술 수출� 현지 제조� 통한 에너지 전환� 중점� � 사우� 비전 2030오만 비전 2040 이니셔티브를 지원합니다. 이번 협력은 화석 연료 의존도를 줄이� 경제 다각화를 촉진하며, 중동 재생 에너지 시장에서 Shanghai Electric� 핵심 기업으로 자리매김하는 것을 목표� 합니�.

Shanghai Electric (SIELY) a conclu deux partenariats majeurs dans le domaine des énergies renouvelables au Moyen-Orient. L'entreprise a signé un projet photovoltaïque de 2 gigawatts avec Masdar d'Abu Dhabi en Arabie Saoudite, ainsi qu'un accord complet sur l'énergie éolienne avec le groupe Mawarid d'Oman.

Le projet photovoltaïque Sadawi, qui s'étend sur 40 kilomètres carrés, produira plus de 6 milliards de kWh par an, alimentant 700 000 foyers et réduisant les émissions de carbone de 3 millions de tonnes. Au Oman, le partenariat inclut la fourniture d'éoliennes, le transfert de technologie et la conception d'une usine locale.

Ces accords soutiennent les initiatives Vision 2030 de l'Arabie Saoudite et Vision 2040 d'Oman, axées sur la transformation énergétique via l'exportation de technologies et la production locale. Ces collaborations visent à réduire la dépendance aux combustibles fossiles, promouvoir la diversification économique et positionner Shanghai Electric comme un acteur clé du marché des énergies renouvelables au Moyen-Orient.

Shanghai Electric (SIELY) hat zwei bedeutende Partnerschaften im Bereich erneuerbarer Energien im Nahen Osten abgeschlossen. Das Unternehmen unterzeichnete ein 2-Gigawatt-Photovoltaikprojekt mit Masdar aus Abu Dhabi in Saudi-Arabien sowie eine umfassende Windenergievereinbarung mit der Mawarid Group aus Oman.

Das Sadawi-Photovoltaikprojekt erstreckt sich über 40 Quadratkilometer und wird jährlich über 6 Milliarden kWh erzeugen, wodurch 700.000 Haushalte versorgt und die CO2-Emissionen um 3 Millionen Tonnen reduziert werden. In Oman umfasst die Partnerschaft die Lieferung von Windturbinen, Technologietransfer und die Planung einer lokalen Fabrik.

Diese Vereinbarungen unterstützen die Initiativen Saudi-Arabiens Vision 2030 und Omans Vision 2040, die sich auf die Energiewende durch Technologieexporte und lokale Produktion konzentrieren. Die Zusammenarbeit zielt darauf ab, die Abhängigkeit von fossilen Brennstoffen zu verringern, die wirtschaftliche Diversifizierung zu fördern und Shanghai Electric als wichtigen Akteur auf dem Markt für erneuerbare Energien im Nahen Osten zu etablieren.

Positive
  • Major expansion into Middle East renewable energy markets
  • Significant contribution to carbon emission reduction
  • Technology transfer and local manufacturing development
  • Support for national renewable energy initiatives
  • Strong partnerships with established regional players
Negative
  • Large-scale projects may face implementation challenges
  • Dependence on government renewable energy policies
  • Complex international collaboration requirements
  • Potential regional market uncertainties

The strategic partnership spans solar and wind energy, advancing the Middle East's transition to green energy.

SHANGHAI, April 22, 2025 /PRNewswire/ --  (SEHK:2727, SSE:601727) reached two milestone cooperation agreements in the Middle East in early April, signing a 2-gigawatt photovoltaic project agreement with Abu Dhabi Future Energy ("Masdar") in Saudi Arabia and a comprehensive wind power cooperation agreement with Oman's Mawarid Group. The 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.

The 2-gigawatt Sadawi photovoltaic project, developed in cooperation with Masdar, is Shanghai Electric's largest solar EPC project globally. Spanning 40 square kilometers, it generates more than 6 billion kWh annually, meeting the electricity needs of 700,000 households and cutting carbon emissions by 3 million tons. 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 Oman, Shanghai Electric's partnership with Mawarid Group includes 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.

"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," said Wu Lei, Chairman of Shanghai Electric Group. "I hope both parties will work together to create a benchmark demonstration project and contribute more to the global energy transition."

Masdar CEO Mohamed Jameel Al Ramahi commented, "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."

Salim Al Aufi, Omani Minister of Energy and Minerals, praised Shanghai Electric's technological expertise and innovation in wind power. He said the Omani government values its partnership with Shanghai Electric and sees the signing of the wind power project as an opportunity to expand cooperation. Al Aufi expressed the government's eagerness to deepen collaboration in areas such as energy storage, hydrogen energy, and photovoltaics, aiming to jointly drive the transformation of Oman's energy sector.

Wu Lei said, "The Omani government's forward-looking Vision 2040 and Green Hydrogen Strategy align with Shanghai Electric's strategic development goals. We are eager to use this project as an opportunity to integrate advanced technologies and high-quality products in the new energy sector with Oman's resource strengths and market potential. Through technology licensing and localized supply chain development, we aim to drive the implementation of more high-quality projects, contribute to Oman's energy transformation, and help shape a new chapter in China-Arab energy cooperation."

The strategic significance and industrial value of the agreements are substantial. The wind power project in Oman is expected to advance the country's transition from traditional energy sources to diversified clean energy, including wind and hydrogen, while also deepening China-Arab technical cooperation. Meanwhile, the photovoltaic project in Saudi Arabia directly supports the kingdom's efforts to reduce its reliance on fossil fuels, contribute to economic diversification, and establish a foundation for Shanghai Electric's broader expansion in the Middle East's solar energy market.

The dual collaboration in the Middle East showcases Shanghai Electric's technology-driven, localized approach, reinforcing its status as a global leader in renewable energy through its expertise and innovation in wind and solar power.

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FAQ

What is the capacity and impact of Shanghai Electric's Sadawi solar project in Saudi Arabia?

The 2-gigawatt Sadawi project spans 40 square kilometers, generates 6+ billion kWh annually, powers 700,000 households, and reduces carbon emissions by 3 million tons.

How does the SIELY partnership with Mawarid Group benefit Oman's renewable energy sector?

The partnership provides wind turbine supply, technology transfer, and localized factory design, creating a local supply chain and promoting long-term economic growth in Oman.

What are the key components of Shanghai Electric's (SIELY) Middle East renewable energy strategy?

SIELY focuses on technology exports, localized manufacturing, and multi-sector collaboration, supporting Saudi Vision 2030 and Oman Vision 2040 through solar and wind energy projects.

How will SIELY's Saudi Arabia solar project contribute to the country's renewable energy goals?

The project is a key component of Saudi Arabia's National Renewable Energy Program, utilizing advanced photovoltaic technology to harness abundant sunshine and reduce fossil fuel dependence.

What are the expected outcomes of Shanghai Electric's (SIELY) wind power project in Oman?

The project aims to advance Oman's transition to clean energy, develop local supply chains, and deepen China-Arab technical cooperation in wind and hydrogen energy sectors.
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