News
SAUDI POWER PROCUREMENT COMPANY
SIGNS A POWER PURCHASE AGREEMENT
FOR SHUAIBAH (2) SOLAR PV PROJECT.
Projects with a total capacity
0
MW
Owned by “ACWA Power”
And Water and Electricity Holding Company ”
Badeel” a wholly-owned Public Investment Fund
subsidiary.
The Project will power
0
Homes
The project comes with in the Kingdom’s strategy to achieve a number of targets in the renewable energy
sector under the direct supervision of the Ministry of Energy.
The Project is a new step towards achieving the goals of the Kingdom’s “2030 Vision” and will contribute
to reaching the optimal energy mix of Power production and liquid fuel displacement in the Power
generation sector .
will utilize renewable energy sources and develop High efficiency Gas based power plant, so the share of
renewable energy sources to approximately reach 50% by 2030.
