A consortium led by developer ACWA Power has reached financial closure for the 1,500-megawatt Sudair solar plant, a key project in Saudi Arabia’s renewable energy push.
The developer also announced that Aramco-owned SAPCO has joined the consor-tium, marking the oil giant’s first participation in the Saudi Public Investment Fund’s renew-able energy program. Announced in April, the Sudair plant is a ma-jor part of PIF’s renewable program.
The fund has a 30 percent stak e in ACWA Power and owns utility company Badeel, another member of the consortium .
The site, which is pegged to be the world’s largest single-contracted solar photovoltaic plant, will be located in Sudair Industrial City in Saudi Arabia’s north.—AN
