Saudi Arabia to Boost Renewable Energy with $8bn Investment

Saudi Arabia to boost renewable energy with $8bn investment

ACWA Power leads consortium that will build five solar and two wind projects in the kingdom

Saudi inks $8B deal to expand domestic wind and solar capacity

Saudi Arabia awarded local companies $8.3 billion worth of projects to add 15 gigawatts of domestic wind and solar electricity capacity. The facilities will be developed by ACWA Power, PIF’s Water and Electricity Holding Co., and Aramco Power. The wind farms will be in Riyadh province, while the solar plants will be spread across the kingdom.Gulf countries are investing in renewable energy at home — both to decarbonize their power grids and to f…

Saudi Arabia signs $8.3bn renewable energy deals with ACWA Power consortium

Saudi Arabia has signed power purchase agreements (PPAs) worth $8.3bn for seven renewable energy projects with a total capacity of 15 GW on Sunday, ...

ACWA Power-led consortium signs $8.3bn deals for massive renewable

RIYADH: A Saudi consortium led by ACWA Power has signed agreements worth SR31 billion ($8.3 billion) to develop seven major solar and wind energy projects with a combined capacity of 15,000 megawatts, the Saudi Press Agency reported on Sunday. The consortium includes the Water and Electricity Holding Co., a subsidiary of the Public Investment Fund, and Aramco Power, which is

Saudi Arabia signs renewable energy deals worth $8.3bn with Acwa Power consortium

Agreements for seven new solar and wind projects will produce 15 gigawatts of electricity