In one of the largest capacity in the world signed Renewable Energy Projects in one phase, Saudi Power Powerment company signed electric purchasing agreements (PPA) from seven new investments in SAR 31 billion (US $ 8.3 billion).
Agreements are made under the national renewal energy program (Nrep), managed by the Ministry of Energy of Energy.
Saudi Arabia signed up to 15GW Renewable Energy Deal
Parties involved include the power of acwa as the primary developer, in collaboration with water and electricity that holds the company (Badeel), owned by the Public Investment Fund, and Aramco Politions, and Aramco Politions,
it Covenants Confirm continuous Kingdom efforts to improve energy impression change and reach global competitive electeridad costs per hour.
Photovoltaic Solar Projects Includes Bisha Project in ASEER Region, with a capacity of 3,000mw and a Levelised Expense Expense (LCOE) in US $ 0.01289 / KWH; and another 3,000mw from the Project of Humaij in the Madinah region with LCOE in US $ 0.049 / kWh.
Khulis Project in Mackah Region, AFIF 1 Project in Riyadh Region, and Riyadh’s AFIF region with US $ 0.051 / kWh to US $ 0.0723 / KWH.
Wind energy projects include Starah project in Riyadh region, with a capacity of 2,000mw and a US Riyha capacity and a LCOE of US $ 0.0186 / kWh.
The company of buying the Saudi power is responsible for preparing the possibility of studies, repair power projects in the power development in developer constortia.
So far, the company launches convertible electric projects with a total capacity of 43,213mw. In this, electric purchasing agreements are signed for projects with general capacity of 38,713MW, while 10,213MB connected to the grid.
The capacity connected to the grid is expected to reach 12,713mw by the end of 2025, and 20,013MW at the end of 2026.
