Oct. 21 (Bloomberg) -- Saudi Arabian Oil Co., the world’s largest crude exporter, agreed to buy 1.78 megawatts of photovoltaic panels from Canadian Solar Inc. to expand the country’s biggest solar project.
The state-owned oil producer will add the panels to the solar system it began operating in December at the King Abdullah Petroleum Studies and Research Center, according to a statement today from Guelph, Ontario-based Canadian Solar.
The project in Riyadh, Saudi Arabia, will help the country meet a goal of installing 16 gigawatts of photovoltaic panels, Shawn Qu, Canadian Solar’s chairman and chief executive officer, said in the statement.
Saudi Aramco initially used 3.5-megawatts of panels from Suntech Power Holdings Co. for the project, and the expansion will make it the country’s largest ground mounted solar farm, according to the statement.
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