Today, the PRATEC 5.62MW Industrial Solar Project Ground Breaking Ceremony was held in Zhuhai. Marking the debut of Saudi Arabia's FAS Energy in the Chinese market, this efficient, reliable distributed rooftop solar project is developed with PCG Power. This move marks a strategic expansion of PCG Power's engagement in China's renewable energy sector, representing a pivotal milestone in its global deployment framework. It underscores the company's commitment to advancing clean energy initiatives, accelerating the transition towards sustainable power solutions, and making substantive contributions to fulfilling national carbon emission peak commitments and climate neutrality objectives through innovative energy infrastructure development.
Within just six months of establishing their strategic partnership, FAS Energy and PCG Power invested and launched the PRATEC 5.62MW Industrial Solar Project. By partnering with Aiko Solar Co., an internationally renowned solar provider, applying its new ABC modules with high conversion efficiency and reliability, they installed the 5.62MW distributed solar system on the 36,000-square-meter rooftop of the PRATEC Industrial Park in Zhuhai.
According to PRATEC's General Manager Zhang Lin, “Throughout its 25-year operational life, this project is expected to generate around 140 GWh of electricity, equivalent to saving about 2,584 tons of coal, reducing CO2 emissions by about 6,442 tons, or planting about 350,000 trees per year. This move will effectively help the factory cut costs, increase efficiency, save energy, and reduce emissions. " Aiko Solar Co., as the equipment supplier, expressed its anticipation of long-term cooperation with PCG Power, committed to supporting PCG Power projects with its globally leading technologies and products, thereby contributing to the international expansion of China's solar industry.
During their keynote addresses delivered at the inauguration ceremony, Mr. Yan Chicheng, Co-Chief Executive Officer of PCG Power, and Mr. Turki Alhokair, Managing Director of FAS Energy, reaffirmed their mutual commitment to a unified strategic vision for accelerating sustainable energy transformation worldwide. The executives outlined actionable plans to expedite the formation of a transnational joint venture entity, designed to operationalize cross-border synergies in commercializing cutting-edge clean energy technologies and scaling next-generation renewable energy infrastructure across global markets.
Anchored in its strategy of combining "bringing in" and "going global", PCG Power has joined hands with overseas strategic partners to develop China's renewable energy industry. FAS Energy, a subsidiary of the globally renowned Saudi FAS Holding, positions itself as a developer, owner, and operator of solar photovoltaic power generation assets. It plans to invest hundreds of millions of US dollars in China's renewable energy field to jointly build a GW-grade solar photovoltaic power station with PCG Power. The two sides will deepen cooperation through their signed joint venture agreement to promote industry-finance integration in China amid international cooperation and accelerate the progress of renewable energy projects toward a green and sustainable future.
Looking ahead, under the principles of openness, cooperation, and mutual benefit, PCG Power will expand collaborations with international partners to lead more enterprises towards green, low-carbon, and sustainable development. By promoting a global energy transition, PCG Power will help achieve the optimal allocation and efficient utilization of global energy resources.
