Jinko Power subsidiary is listed in the Middle East!

As more and more Chinese photovoltaic enterprises participate in the construction of new energy projects in the Middle East, the source of construction funds of enterprises has also shifted from the single way of blood transfusion of domestic parent companies to diversification and localization.

Last week, Sembcorp JinkoSolar, a joint venture subsidiary of JinkoSolar and Singapore's Sembcorp Industries (Sembcorp Industries), is allowed to list on the third market platform of Oman 's Muscat Stock Exchange (MSX) . The platform enables small and emerging companies to publicly trade their shares without having to comply with the same strict regulations , which apply to companies listed on major stock exchanges,

according to a report in Oman's Daily Observer.

Prior to this, the Ministry of Commerce, Industry and Investment Promotion of Oman has issued relevant licenses to allow Jinko Power and Sembcorp Industries to jointly establish Shengke Jingke Sunshine Co., Ltd. The registered capital of the new company is 500,000 Omani rials (about RMB 944).

All these preparations are for the 500 MW photovoltaic power plant project to be built by Jinko Power in the local area.

that this agreement covers not only the construction of Manah Phase II, Also included is a 20-year power purchase agreement (PPA) for the facility's electrical output. The MSX listing is also part of the agreement.

Local media reported that the Manah photovoltaic project will be constructed in two phases, and Shengke Jingke will be responsible for the construction and operation of the second phase of the project, with a total investment of more than 300 million Omani rials, or about RMB 56

. Shanxi Institute of China Nengjian Electric Power Engineering also issued a document announcing that it won the bid for the EPC general contracting of the project, which was officially started on July 24 and is expected to be put into commercial operation on May 1, 2025. After the completion of the project, it will provide a key boost to the transformation of renewable new energy in Oman, and is expected to reduce greenhouse gas emissions by about 340000 tons per year.

in China is tropical desert, except for the mountains in the northeast." There are abundant solar energy resources in China. Like most countries in the Middle East, Oman is rich in oil and natural gas energy, which not only brings abundant wealth, but also causes the vast majority of emissions in the country, with natural gas power generation alone accounting for more than 95% of electricity generation.

driven by this objective, to make full use of the abundant solar energy resources in the region, according to the latest data from the Global Solar Tracker, in the photovoltaic power plant projects with installed capacity of 20 MW and above." Oman ranks first in the Middle East and North Africa region and 11th in the world, with an estimated installed capacity of 18

. Oman leads the Middle East and North Africa (MENA) region in terms of potential (built, under construction, announced but not built) solar farm capacity.

Four operating solar farms, three of which are in the construction phase; twelve in the pre-construction phase, and two announced projects. This bodes well for the country 's

The conference will be based in Dubai , focusing on new energy hotspots in the Middle East. Focus on the application and promotion of technologies in the fields of hydrogen energy, energy storage, energy saving, photovoltaic, renewable energy, new energy vehicles, new energy equipment, desert sand reuse , etc., and build a one-stop procurement platform for "new energy" and "energy products" by holding sharing meetings and high-quality exhibitions, so as to promote the development of new energy and energy products. Promote new energy solutions to the Middle East and North Africa. The exhibition will focus on new products, new technologies and new applications in the field of new energy, and the China New Energy Vehicle Middle East Trade Center will be grandly unveiled at this conference. The conference will also provide more new energy product solutions for the COP28 conference on climate change.