Featured in TBEA Special Edition 2020

Saudi Arabia’s crowning PV plant

The 300 MW project was tendered by Saudi Arabia’s Renewable Energy Development Office (REPDO), which is part of the country’s Ministry of Energy. A competitive tender process started in 2017 and ACWA Power – the country’s leading developer, owner, operator, and investor for power generation and water desalination plants – was prequalified together with other international investors. Following the commercial evaluation stage of the tender’s process, ACWA Power became the preferred bidder, securing a SAR 0.08872 ($0.024)/kWh tariff. Sakaka Solar Energy Co., a joint venture that is 70% controlled by ACWA and 30% owned by Al Gihaz Holding, is the owner and developer of the project. The generated electricity is sold to Saudi Power Procurement Co. (SPPC) under a 25-year power purchase contract.

By

pv magazine

10 Sep 2020

Photo: Sakaka Solar Energy Co.

ACWA Power launched the first solar project under the Kingdom’s ambitious Vision 2030 program, which will set the scene for Saudi Arabia’s renewable plans. Project development moved quickly, with construction starting in November 2018 and panels that began generating electricity in November 2019. ACWA Power is committed to developing PV capacity in its home base …

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