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OIL AND GAS NEWS

Saudi Arabia set to build two 600MW solar plants

Aug 23, 2021 1:46 PM

Saudi Arabia is building two renewable energy plants on land plots with a total area of 12 million sq m as part of the kingdom s plan to generate 50 per cent of its energy from renewables reported Saudi...

Saudi Arabia is building two renewable energy plants on land plots with a total area of 12 million sq m, as part of the kingdom’s plan to generate 50 per cent of its energy from renewables, reported Saudi Press Agency.
 
The plants will have a capacity of 600 megawatts and will be implemented in the Third Industrial City in Jeddah and the Industrial City in Rabigh, through the Saudi Authority for Industrial Cities and Technology Zones Modon, it stated.
 
The Ministry of Energy is working to diversify the energy mix to produce electricity, by increasing the share of gas and renewable energy sources in it, and is displacing liquid fuel and replacing it with natural gas, it stated.
 
This week, another Saudi renewable energy project saw a major development after a consortium led by developer Acwa Power has reached financial closure for the 1,500-megawatt Sudair solar plant, which is pegged to be the world’s largest single-contracted solar photovoltaic plant, reported Arab News.
 
It will be located in Sudair Industrial City in Saudi Arabia’s north. The developer also announced that Aramco-owned Sapco has joined the consortium, marking the oil giant’s first participation in the Saudi Public Investment Fund’s renewable energy program.
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