中信博沙特吉达工厂二期正式竣工

Core Viewpoint - The completion of the second phase of the Jeddah factory by CITIC Bo New Energy Technology Co., Ltd. marks a significant step in the company's localization strategy in the Middle East, enhancing its annual delivery capacity to 15GW in Saudi Arabia and integrating global supply chain resources [1][2]. Group 1: Company Developments - The Jeddah factory covers an area of approximately 100,000 square meters and is expected to commence production by the end of this year [1]. - The company plans to complete localization of gearboxes and electrical controls by next year, and aims to implement 3MW rooftop and carport photovoltaic solutions at the Jeddah site, generating an estimated 7.44 million kWh annually and reducing CO2 emissions by 7,142 tons [1]. - CITIC Bo has secured over 15GW of photovoltaic project orders in the Middle East, ranking first in market share in 2024, with significant projects including the Sadawi 2.3GW and SPPC Round 5 1.75GW [1]. Group 2: Strategic Importance - The establishment of the factory is seen as a crucial move for enhancing the company's service capabilities and competitive advantage in local and regional markets, reflecting deepening cooperation between China and Saudi Arabia in industrial and green development [2]. - The factory's completion aligns with ACWA Power's strategy for local value creation in Saudi Arabia and supports the country's Vision 2030 and the Belt and Road Initiative [2]. - The chairman of CITIC Bo emphasized that the factory represents a milestone in the company's globalization strategy and serves as a bridge linking China, Saudi Arabia, and the broader Middle East, responding actively to the Belt and Road Initiative and Saudi Vision 2030 [2].