Saudi Arabia: Renewables ambitions rise up the agenda

Issue 1124 - 22 Apr 2021

A consortium led by local renewable energy (RE) champion Acwa Power has signed a 25-year power purchase agreement (PPA) with Saudi Power Procurement Company, to take output from the 1.5GW Sudair Solar PV plant in Sudair Industrial City. The project involves an investment of some SR3.4bn ($907m) and comes with significant backing from the Public Investment Fund (PIF).

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