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Almarai completes 15-MW solar park in Saudi Arabia

Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

August 22 (Renewables Now) - Saudi food conglomerate Almarai Company SJSC (TADAWUL:2280) has successfully completed the 15-MW Al Kharj solar power plant in Saudi Arabia, it announced on Wednesday.

The project, which is now the largest ground-mount photovoltaic (PV) installation in the Kingdom, was realised at a total cost of SAR 44.4 million (USD 11.8m/EUR 10.7m). It features over 44,000 PV panels with the combined capacity to generate some 28 GWh of electricity per year.

Almarai has developed a roadmap that outlines how it can improve its energy performance, including building a portfolio of solar parks. The company aims at adding enough solar power by end-2020 so it could cover about 10% of its total electricity demand.

(SAR 1.0 = USD 0.267/EUR 0.241)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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