Saudi Arabia Unveils 7 Solar Energy Projects Estimated Over $1.5 Billion

Over the past six years, the kingdom has announced investments of more than $350 billion aimed at making the sun-drenched kingdom the Saudi Arabia of renewable energy.

BE2C2 Report (Dubai) — Saudi Arabia has unveiled Phase Two of its National Renewable Energy Program (NREP) that will see seven solar photovoltaic (PV) projects being developed in the kingdom which in turn will generate 1.52 GW energy and attract investments worth over $1.51 billion.

The news comes amid reports that construction on kingdom’s first solar energy project has started.

The $320m 300MW Sakaka PV IPP project is the first renewable energy project under King Salman Renewable Energy Initiative.

The solar plant is expected to start commercial operations next year and upon completion, will supply 45,000 households with power in Al Jouf, while offsetting over 430,000 tonnes of carbon dioxide a year. ACWA Power is the local company behind the project.

The key projects under NREP include Qurrayat (200 MW), Madinah (50 MW), Rafha (45 MW), Alfaisaliah (600 MW), Rabigh (300 MW), Jeddah (300 MW) and Mahad Duhab (20 MW), said statement from Repdo.

NREP is a strategic initiative by the Renewable Energy Project Development Office (Repdo) of Saudi Arabia’s Ministry of Energy being implemented under Vision 2030 and the King Salman Renewable Energy Initiative.

The program is aimed at maximizing the potential of renewable energy in Saudi Arabia.

Once operational, it would generate energy that can serve 226,500 households and create more than 4,500 job opportunities during construction, operations and maintenance, it stated.

Over the past six years, the kingdom has announced investments of more than $350 billion aimed at making the sun-drenched kingdom the Saudi Arabia of renewable energy.

The Saudis today get three-fifths of their electricity from oil, burning as much as 1 million barrels of crude per day in power plants

Vision 2030’s aim is to wean the kingdom from its dependency on oil exports by building 210 gigawatts of solar capacity, or more than 20 percent of today’s worldwide renewable energy output.

BE2C2 Report is a data journalism initiative of Irshad Salim Associates, a US-based consulting firm and its Pakistan affiliate BE2C2

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