PowerChina Jumps by Limit After Inking EPC Contract for World’s Largest PV, Storage Project
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Power Construction Corporation of China (PowerChina) shares surged by the daily trading limit after securing a CNY14 billion EPC contract for the world's largest photovoltaic and storage project. The project, located in Abu Dhabi, includes a 5.2 GW PV power station and a 19 GWh energy storage system, expected to cut CO2 emissions by 5.7 million tons annually. The project is part of the UAE Energy Strategy 2050 and is set to commence operations in 2027.
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