Saudi Arabia

Saudi Arabia

Goldwind signs MoU with Saudi Arabian authorities

SAUDI ARABIA: Chinese manufacturer Goldwind has signed a memorandum of understanding with two Saudi Arabian agencies to research investment opportunities in the kingdom.

Goldwind has signed an MoU with Saudi Arabian authorities
Goldwind has signed an MoU with Saudi Arabian authorities

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Goldwind has signed the MoUs with Saudi industrial property authority Modon and the National Industrial Clusters Development Programme (NICDP). 

According to the Saudi Arabian government's official news service, SPA, Goldwind signed the deals at an investment forum between the two countries. 

Under the deal, Modon will "allocate" Goldwind sites in its industrial cities, while NICDP will assist with finding investment and local partners, SPA said. 

In May, the renewable energy project development office announced the 24 companies, including Goldwind, had qualified to take part in a 400MW wind power programme. 

Saudi Arabia's first utility-scale turbine was commissioned in January.

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