L&T Construction signs EPC contract for 1.5 GW Solar project in Saudi Arabia

The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured a turnkey EPC Contract, from the consortium of ACWA Power and the Water and Electricity Holding Company (a subsidiary of the Public Investments Fund of Saudi Arabia (PIF)), for Sudair Solar PV Project of 1.5GW capacity. This project is considered the Largest Solar Plant in Saudi Arabia with PPA signed. It is also one of the largest such plants in the world.

The project that is coming up in Riyadh Province has a 30.8 square kilometer land parcel available to install a total capacity of 1.5GW PV Solar modules with associated single axial tracker and inverters.

The ambitions of Saudi Arabia’s National Renewable Energy Program (NREP) are on track. As part of the NREP, Sudair Solar PV Project is awarded to PIF and its partner, ACWA Power. This project is part of the 70% of the target capacity of 58.7 GW of the Kingdom assigned to Public Investment Fund (PIF), while Renewable Energy Project Development Office (REPDO) would undertake competitive tendering for the remaining 30%, as announced by the Ministry of Energy in 2019.

A 25 year Power purchase agreement has been signed by Saudi Power Procurement Company (SPPC). The estimated value of the solar project is approximately SAR 3.4 billion (USD905.31 million).