SAPCO, ACWA Power to develop of 1.5GW solar project

The Saudi Aramco Power Company (SAPCO) joins the consortium led by ACWA Power and the Water & Electricity Holding Company (Badeel), in the 1500 MW Sudair Solar plant, a key project under the Public Investment Fund (PIF) renewable energy program.

“With an investment value of SAR 3.4 billion, Sudair Solar PV project, which is located at Sudair Industrial City, is set to become one of the largest single-contracted Solar PV plants in the world and the largest of its kind in Saudi Arabia,” said the companies in a statement.

The launch of the Sudair Solar project was announced at the inauguration of Sakaka PV project in April 2021,with the aim of achieving the highest levels of efficient energy production and contributing to shaping the circular carbon economy

The program aims to support Saudi Arabia’s ongoing energy transition and diversification, and to deliver 70 percent of the country’s renewable energy under the National Renewable Energy Program (NREP).

Aramco’s investment in the Sudair Project is its first participation with PIF in its renewable energy program, the companies said in a statement.

“A 25-year power purchase agreement for the plant was signed with the Saudi Power Procurement Company, with the tariff being among the lowest for solar PV projects globally. Using bi-facial modules with tracking technology, the plant is set to deliver highly efficient performance and be capable of powering 185,000 homes, while offsetting nearly 2.9 million tons of emissions per year,” the companies said.