Seven Saudi PV solar power projects worth $1.51b launched at recent industry exhibition

Seven PV solar power projects with a capacity of 1.52 GW and worth $1.51bn (SAR5.6bn) were launched on the sidelines of the recently concluded Saudi Elenex exhibition, according to a report in ConstructionWeekOnline.

The projects were unveiled by Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources.

The announcements are part of the Kingdom’s larger effort to incorporate more renewable energy into the economy. Saudi Arabia plans to use renewable energy such as solar (40 GW), wind (16 GW), and concentrated solar (3 GW) through large-scale investments by 2030.

In March, Saudi Arabia announced it would begin construction work on a 2.6-gigawatt solar power project in 2019 in Mecca, Saudi Arabia.

In January, the Saudi Renewable Energy Project Development Office (REPDO) said it was preparing to tender 2.2 GW of solar capacity in 2019, with 11 total solar projects tendered throughout the year.