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