Featured in Embracing change – 02-2024

Commercial PV is in FAShion

FAS Renewables announced in December 2023 that it had signed contracts for a 52 MW solar portfolio to be built on shopping center rooftops across Saudi Arabia. The projects will be among the first in the kingdom to operate under commercial power purchase agreements. FAS chief executive officer (CEO) Marcus Schrauf said he expects to see many more as the country becomes a commercial PV powerhouse.

By

Mark Hutchins

08 Feb 2024

“The asset owner is the one reaping the benefit of good O&M” – Marcus Schrauf, CEO, FAS Renewables. | Photo: FAS Renewables

pv magazine: FAS Renewables signed a deal at the end of 2023 for a 52 MW portfolio of rooftop PV projects to be installed at various locations across Saudi Arabia. What can you tell us about this?Marcus Schrauf: It’s a landmark deal, no other agreement for commercial PV at this scale has been signed in …

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