- Press Releases
April 9 (Renewables Now) - Power purchase agreements (PPA) for roughly 3 GW of solar photovoltaic (PV) projects have been signed in Saudi Arabia, it was announced on Thursday.
The capacity will come from seven projects located across the Kingdom, state news agency SPA quoted Crown Prince Mohammed bin Salman as saying during the inauguration ceremony of the 300-MW Sakaka solar farm. The PV park, owned by a consortium led by power producer Acwa Power, is the country’s first utility-scale renewable energy complex.
Details about the seven independent power producer (IPP) schemes are available in the table below, as given by SPA.
|Sudair||1,500||PIF, Acwa Power|
|Qurayyat||200||Acwa Power, Gulf Investment, Al Babtain Contracting|
|Shuaibah||600||Acwa Power, Gulf Investment, Al Babtain Contracting|
|Jeddah||300||Masdar, EDF, Nesma|
|Rafha||20||Al Blagha, Alfanar, Desert Technologies|
|Al Madinah||50||Al Blagha, Alfanar, Desert Technologies|
“More renewable energy projects will follow across the Kingdom, which we will announce when the time comes,” the Crown Prince was cited as saying. He added that the country is soon expected to see the completion of its 400-MW Dumat Al-Jandal wind farm.
Saudi Arabia has set a goal of making renewables account for 50% of its energy mix by 2030.
(USD 1.0 = EUR 0.841)