TCL Zhonghuan-led consortium plans 20 GW ingot, wafer factory in Saudi Arabia
- Admin
- Jul 21, 2024
- 1 min read
A consortium in Saudi Arabia signed an agreement to produce 20 GW of ingots and wafers for solar power. Lumetech, a subsidiary of TCL Zhonghuan, Vision Industries, and RELC are part of the consortium. RELC, Lumetech, and Vision Industries will hold 40%, 40%, and 20% respectively. Another agreement involves a subsidiary of JinkoSolar to build a 10 GW solar factory. PIF's Yazeed Al-Humied mentioned efforts to localize technologies in Saudi Arabia.
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