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PIF, ACWA Power sign $3.2bln Saudi solar projects deal

The new projects, which will be jointly owned by Badeel and Acwa Power, aims to produce a combined capacity of 4.55GWac of renewable energy ....

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Saudi Arabia to Develop 3 Solar Energy Projects Worth $3.25 Bln

Saudi Arabia’s Water and Electricity Holding Company (Badeel), which is a utility subsidiary of the sovereign wealth fund PIF (Public Investment Fund), along with leading utility project developer Acwa Power have signed power purchase agreements (PPAs) for three major solar PV projects in the kingdom. The solar projects are part of the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy, with PIF mandated to develop 70% of NREP’s target capacity by 2030. ....

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Badeel and ACWA Power invest in Saudi Arabia solar projects

Badeel, and ACWA Power have announced the signing of power purchase agreements with the Saudi Power Procurement Company for the development and operation of three major new solar projects in Saudi Arabia. ....

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Acwa Power and Badeel sign power purchase agreements for three Saudi solar projects

Deals with Saudi Power Procurement Company to develop and operate new renewable power plants are worth $3.25bn ....

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Saudi Arabia's Public Investment Fund, ACWA Power invest $3.25 billion in three new solar projects – pv magazine International

With a combined capacity of 4.55 GWac, the projects will power some 750,000 households. The Public Investment Fund is mandated to develop 70% of Saudi Arabia's renewable energy target capacity by 2030. ....

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