PIF, LONGi sign agreement to localize solar PV industry

04/01/2023 Argaam
Logo ofPublic Investment Fund (PIF)

Logo of Public Investment Fund (PIF)

Saudi Arabia’s Public Investment Fund (PIF) signed an agreement today, Jan. 4, with LONGi Green Energy Technology Co. Ltd., with the aim of localizing solar photovoltaics (PV) products and services in the Kingdom. 

 

The agreement seeks to support the fund's strategy to unlock promising sectors, including utilities and renewables, in line with Saudi Vision 2030, PIF said on Twitter. 

 

PIF announced, on Dec. 12, the acquisition of up to 9.5% of Skyborn Renewables (Skyborn), a leading offshore wind developer and operator, alongside Global Infrastructure Partners (GIP), the global, independent infrastructure investment fund, according to Argaam's data. 

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