Huan Qiu Wang·2025-10-11 04:33Core Insights - Chinese state-owned enterprises, China Power Construction Group and China Energy Engineering Group, have successfully signed multiple large-scale renewable energy project contracts in Saudi Arabia, totaling over 30 billion RMB, showcasing their strong competitiveness in the global green energy transition [1][2]. Group 1: Project Details - China Power Construction Group's consortium signed contracts for the Saudi Afif 1 and 2 solar projects, with a total value of approximately 11.72 billion RMB and a total installed capacity of 2000 MW, with a construction period of 26 months [1]. - China Energy Engineering Group's joint venture secured three engineering contracts worth 2.745 billion USD (approximately 19.55 billion RMB), including two large wind power projects with a total capacity of 3 GW and one large solar project with a total capacity of 2 GW, with construction periods ranging from 26 to 30 months [1][4]. Group 2: Strategic Implications - The significant orders won by these two central enterprises in the Saudi market reflect their deep commitment to the "Belt and Road" initiative and the high-quality implementation of the "going global" strategy, with both companies emphasizing strong growth momentum in international business [2]. - In the first half of 2025, China Power Construction Group's international business new contract value reached 141.67 billion RMB, a year-on-year increase of 17.50%, while China Energy Engineering Group also reported significant growth in overseas new contracts, operating income, and total profit [4]. - China Energy Engineering Group has shown remarkable performance in the "wind-solar-hydrogen-storage" sectors, with overseas signing amounts increasing by 78.6% year-on-year, indicating that energy and power contracts now account for over 80% of its total overseas new contracts [5].