GD Power Development to Invest in Solar Photovoltaic Project in Saudi Arabia

MT Newswires Live

2025/01/17

GD Power Development (SHA:600795) is investing in a solar photovoltaic project in Saadawi City, Saudi Arabia.

This will be undertaken via a capital allocation of $14.4 million to Guodian Power Hong Kong, which holds a 40% stake in the $111.2 million project, according to a Friday filing with the Shanghai bourse.

The project has an installed capacity of 2 million kilowatts.

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