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Sudair Solar PV
Overview
Establishing a plant to generate electricity at Sudair Industrial City, with a production capacity of 1,500 MW of solar energy, to reduce carbon emissions by 2.9 tons per annum, at an estimate cost of SAR 3.4 billion. The plant is a joint venture between The Public Investment Fund (PIF), Saudi Aramco and Acwa Reduce car
Project Information
- Power and Utilities > Electric and Water Utilities
- Sudair One Renewable Energy Company, the project developer, is 30% owned by Saudi Aramco, 35% by Acwa Power Co., and 35% by PIF.
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On September 28, 2023, Acwa Power Co. announced that it received the initial commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for phase 1 of the project and expected the financial impact to show in Q4 2023 financials
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On October 10, 2023, ACWA Power Co. announced that it received the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the phase 2 of the project, increasing the total production capacity under commercial operation to 1,125 megawatts.
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On January 3, 2024, the company announced that it received the commercial operation certificate of the third phase, which is the final phase of the project from the Saudi Power Procurement Co. (SPPC), bringing the project’s total production capacity under commercial operation to 1,500 megawatts.
Owners
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Project Developments
Overview of key delayed projects, expansions of Saudi-listed firms in 2022Argaam Special03/01/2023
A look at Saudi-listed firms’ projects launched in H2 2023 ِArgaam special 04/01/2024
A look at Saudi Aramco’s strategy, future projects, oil & gas output in 2021 Argaam Special27/03/2022
ACWA Power starts Sudair Solar PV phase 3 commercial operationArgaam03/01/2024
ACWA Power starts Sudair Solar PV phase 2 commercial operationArgaam30/10/2023
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