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Saudi Public Investment Fund launches Sudair Solar PV project

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The Public Investment Fund (PIF) has announced a major milestone in its renewable energy programme with the launch of the Sudair Solar PV plant in Sudair Industrial City, Saudi Arabia, with a PIF-backed consortium signing a power purchase agreement (PPA) with the Saudi Power Procurement Company for 25 years.
The announcement came during the inauguration ceremony of the Sakaka solar PV plant, also located in Saudi Arabia, under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Supreme Committee for Energy Mix Affairs for Electricity Production and Enabling Renewable Energy Sector. The ceremony was attended by HRH Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, and HRH Prince Faisal bin Nawwaf bin Abdulaziz Al Saud, Governor of Al-Jouf Region. ....

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Saudi Arabia: Public Investment Fund (PIF) reaches major milestone in landmark Solar PV project

Saudi Arabia: Public Investment Fund (PIF) reaches major milestone in landmark Solar PV project
12 Apr 2021
Sudair Solar PV project is set to become one of the world’s largest Solar PV plants by capacity and Saudi Arabia’s largest. The project is considered a key achievement towards PIF’s commitment to develop 70% of Saudi Arabia’s renewable energy by 2030
With an investment value of approximately SAR 3.4 billion
and 1,500MW, Sudair Solar PV project
will be capable of powering 185,000 homes and offsetting nearly 2.9 million tons of emissions per year
ACWA Power – in which PIF holds a 50% stake – leads the consortium to develop the project alongside PIF portfolio company ....

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