Shandong Electric Power Construction Corporation No. 3 (SEPCO3), a subsidiary of China Electric Power Construction Corporation announces that it has singed the EPC contract for Yanbu (YAN) wind power project under the National Renewable Energy Program (NREP).

The agreement was signed with the developer Consortium member, Marubeni Corporation, Japan.

The Round 4 YAN wind power project has a unit capacity of 700MW and is located in Madinah Province, Saudi Arabia.

The Company stated that, it is another breakthrough green energy achievement made by the company in the Saudi market. The implementation of this project will provide strong support for Saudi Arabia to achieve the strategic goal of “renewable energy accounting for about 50% by 2030”, and it is of great strategic significance to help Saudi Arabia improve the economic benefits of power generation and promote the optimization of Saudi Arabia’s energy structure.

This project is the third large-scale wind power project undertaken by Shandong Electric Power Construction No. 3 Company in Saudi Arabia after the construction of the Saudi Alghat 600MW wind power EPC project and the Waad Shamal 500MW wind power EPC project.

The National Renewable Energy Program is supervised by the Ministry of Energy and aligns with the objectives of Vision 2030 by utilizing renewable energy resources. The program aims to achieve an optimal energy mix by increasing the renewable capacity share to up to 50% of the energy mix for electricity generation. This contributes to displacing high-value liquid fuels from the power generation sector.