INTIEASaudi Arabia · Saudi Arabia - Sudair Solar Plant ProjectPolicyIn force

Saudi Arabia - Sudair Solar Plant Project

In the framework of the Saudi Green Initiative and the renewable energy programme of the Saudi Public Investment Fund, a consortium has been assembled for the construction of a 1.500 MW solar plant, to be located in the city of Sudair. This would be the largest solar plant in…

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Country / jurisdiction: Saudi Arabia · Year: 2021 · Status: In force · Level: National · Type: Voluntary

In the framework of the Saudi Green Initiative and the renewable energy programme of the Saudi Public Investment Fund, a consortium has been assembled for the construction of a 1.500 MW solar plant, to be located in the city of Sudair. This would be the largest solar plant in Saudi Arabia, expected to provide 70% of the country's total renewable energy by 2030.

State-owned company Aramco notably holds 30% of the shares in this consortium. The Sudair Solar PV project has an investment value of SAR 3.4 billion. A 25-year power purchase agreement was established with the Saudi Power Procurement Company.

Electricity production is expected to start in the second quarter of 2022.

Official source: http://https://www.acwapower.com/news/acwa-power-announces-financial-close-for-1500-mw-sudair-solar-plant-and-aramco-joining-the-consortium-under-pif-renewables-program/

Source

https://www.iea.org/policies/14162

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