Masdar-led consortium reaches financial close and starts construction on 300 MW solar project in Saudi Arabia gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
We aim to have the share of each gas and renewable energy in this mix at 50 per cent by 2030,” Prince Mohammed Bin Salman said in comments reported by the Saudi Press Agency. Growth in the use of renewables and gas could replace about one billion barrels of oil per day used for electricity and water desalination, he added.
The Crown Prince was speaking at the signing of seven power purchase agreements for new solar photovoltaic plants in Saudi Arabia following the inauguration of the Sakaka plant.
The 300 megawatt Sakaka power plant is the kingdom s first-ever solar utility-scale project. It has been built at a cost of 1.2bn Saudi riyals ($320m) and is part of the kingdom s plan to add 27.3 gigawatts of clean energy to its grid by 2024.
By Reuters Staff
2 Min Read
LONDON (Reuters) - Saudi Arabia has signed power purchase agreements with seven new solar projects that will provide electricity more than 600,000 households, state news agency SPA quoted Crown Prince Mohammed bin Salman as saying on Thursday.
FILE PHOTO: A solar plant is seen in Uyayna, north of Riyadh, Saudi Arabia April 10, 2018. Picture taken April 10, 2018. REUTERS/Faisal Al Nasser
The new projects, in addition to the new Sakaka solar and the Dumat al-Jandal wind projects, will have a more than 3,600 megawatt capacity, he added.
Sakaka, Saudi Arabia’s first renewables project, was launched on Thursday. The scheme developed by Acwa Power, a company co-owned by Saudi Arabia’s sovereign wealth fund, has a 300 MW capacity.
Saudi Arabia signs agreements for seven new solar projects - SPA reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.