Saudi Arabia’s ruler has attended the ground-breaking ceremony for the 300MW Sakaka PV IPP, the first renewable energy project under King Salman Renewable Energy Initiative.

The $320 million solar plant is anticipated to start commercial operations next year and upon completion will supply 45,000 household with power in Al Jouf, while offsetting over 430,000 tones of carbon dioxide a year.


Also the project will create new employment opportunities in fields including construction and operations, said Mohammad Abunayyan, chairman of ACWA Power, the company behind the project. Abunayyay told that today, we renew our pride and honour as King Salman bin Abdulaziz graciously grants us the starting signal to commence the construction and operation of Sakaka PV IPP.
The event took place following an announcement last week of the successful financial closure of the project.

Source:Arabian Business

Fulya Altunyay/realestatecoulisse.com

, ,