Oil and gas, renewables, storage and environmental industries
Saudi Power Procurement Company has awarded China's Gotion High-Tech 6 GWh in the kingdom's first utility-scale battery storage tender, valued at roughly $1.16 billion. Gotion secured three core sites totaling 75% of the 2 GW/8 GWh G1 project. Separately, Hong Kong Financial Secretary Paul Chan visited Doha to discuss green finance and infrastructure cooperation.
Chinese battery manufacturer Gotion High-Tech has secured contracts to supply 6 gigawatt-hours of utility-scale battery energy storage systems in Saudi Arabia. The award covers three projects under the Saudi Power Procurement Company's first procurement group, valued at approximately $1.16 billion. The systems will connect directly to the kingdom's 380-kilovolt transmission network.
Indian refiners expect Russian crude supplies to tighten further through November as Chinese buyers outbid competitors and book cargoes in advance. To replace Russian barrels, Indian refiners are turning to alternatives including UAE Murban crude. Meanwhile, exports from major Middle East producers rebounded in September, supported by increased output from the UAE and Saudi Arabia.
Saudi Power Procurement Company (SPPC) has qualified 13 companies to bid for the third round of the kingdom's combined-cycle gas turbine independent power producer programme. The qualified pool features regional and international developers, including UAE-based Taqa and Etihad Development Company alongside China's PowerChina. The projects will be executed under a build-own-operate model with provision for future carbon capture readiness.
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