Industrial park in saudi arabia to do solar container

How much does solar power cost in Saudi Arabia?

First project under The Public Investment Fund’s (PIF) renewable energy programme, the project has recorded the second lowest cost globally for Solar PV electricity production [USD 1.239 cents/kwh]. The PIF-backed consortium, led by ACWA Power, signed a power purchase agreement with the Saudi Power Procurement Company for 25 years.

How much does the Sudair solar PV project cost?

When completed, the Sudair Solar PV Project will have a capacity of 1,500 MW, with the ability to supply power to approximately 185,000 households. The undertaking involves an investment of SAR 3.4 billion ($924 million) and forms part of Saudi Arabia’s broader renewable energy strategy, targeting 58.7 GW of clean energy by 2030.

Who is Sudair solar PV?

In 20+ years we have become the largest power & water developer in the GCC region, and a name to contend with internationally. Sudair Solar PV is poised to become one of the largest single-contracted solar PV plants in the world and the largest of its kind in Saudi Arabia at an installed capacity of ~1,500MW.

What is King Salman Energy Park?

Inaugurated in 2018 by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, the King Salman Energy Park (SPARK) is a world-class hub for the region's energy sector, providing a full range of solutions to support businesses in Saudi Arabia.

What is the Saudi Vision 2030 project?

This project forms part of the Public Investment Fund (PIF)'s initiative within the renewable energy sector and aligns with the Saudi Vision 2030 project, which aims to derive 70% of the country’s renewable energy by 2030.