Under Category A, ACWA Power and Alfanar company have been shortlisted for the 80 MW Layla project while TOTAL solar INTL and ACWA Power have been shortlisted for the 120 MW Wadi Al Dawasir solar project. Meanwhile, under Category B, Jinko Power and Abu Dhabhi Future Energy Company have been shortlisted for the 300 MW Saad project and ACWA Power and Jinko Power have been shortlisted for the 700 MW Ar Rass projects.
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The renewable energy project development office (REPDO) in Saudi Arabia is progressing forward with plans for the fourth and fifth stages of its ambitious renewable energy programme. The Saudi Ministry of Energy has received proposals from financial services companies for two transaction advisory contracts on 10 photovoltaic (PV) solar projects that will be constructed under the Public Investment Funds (PIF) clean energy initiative.
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India-based EPC company, Larsen & Toubro (L&T) has secured the go-ahead to begin constructing the 300 MW Jeddah Solar PV Power Plant in Saudi Arabia. The renewables arm of its power transmission and distribution business received the turnkey EPC order from a consortium of Masdar, EDF Renewables and Nesma Company.
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The 300 MW Sakaka solar power plant has been launched in Saudi Arabia. Total investment for the project is estimated to be around $320 million, equivalent to about 1.2 billion Saudi Riyals. The project has been developed by a consortium led by ACWA Power.
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Saudi Arabia’s solar and wind power capacity will expand exponentially from a low base over the next decade, driven by private investment through contracts awarded at auction-style tenders under REDPO’s National Renewable Energy Program. Despite this growth, the country’s overcapacity will slow renewables deployment.
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