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).
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April 14, 2021
Marubeni signs PPA for 300 MW Solar project in Saudi Arabia
Marubeni Corporation (“Marubeni”) signed a Power Purchase Agreement with the Saudi Power Procurement Company (SPPC) through a Special Purpose Company established with Al Jomaih Energy & Water Company Limited.
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September 21, 2020
Preferred bidder selected for Red Sea PPP megaproject in Saudi Arabia
The Red Sea Development Company (TRSDC) has selected the Acwa Power/China Energy consortium as the preferred bidder for the first phase if the Red Sea Development project.
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July 25, 2019
Financial Close for the first wind park in Saudi Arabia
Financial close has been reached for Saudi Arabia’s 400 MW Dumat Al Jandal wind park in the Al Jouf region of Saudi Arabia that is being developed by a consortium of French renewable energy firm EDF Renewables and Abu Dhabi Future Energy Company (Masdar) at a cost of US$500 million.
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January 14, 2019
EDF-Masdar consortium wins tender for 400 MW wind project in Saudi Arabia
The consortium consisting of EDF Renewables and Masdar (Abu Dhabi Future Energy Company PJSC) has announced that it has won the tender for the Dumat Al Jandal wind farm. With an installed capacity of 400 MW, it will be Saudi Arabia’s first wind farm and the largest in the Middle East.
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November 19, 2018
Financial close for Saudi Arabia's first utility scale renewable energy project
ACWA Power has announced the successful financial closure of the approximately SAR1.2 billion (US$320 million) Sakaka solar project, the first ever utility scale renewable energy project to be developed in Saudi Arabia.
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