Toyota Tsusho JV to build $100mln solar plant in Saudi Arabia zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Japanese group Toyota Tsusho said its joint venture with TotalEnergies Renewables (France) and a unit of Saudi-based Zahid Group, has secured a contract from Saudi Power Procurement Company to build, own and operate a 119MW solar plant in the kingdom.
A consortium consisting of Japanese Toyota Tsusho, French TotalEnergies Renewables, and Saudi Altaaqa Renewable Energy (a Zahid Group company) has completed a $100 million funding to construct a solar energy plant in the Kingdom. The solar plant to be located in Wadi Ad Dawasir is the first renewable project in Saudi Arabia for Toyota Tsusho. The construction of the plant, with a power generating capacity of 119MW, is expected to start in March 2025, according to a statement issued by the Japanese firm on Wednesday.