Infinity Power is considering an initial public offering (IPO) on the Abu Dhabi stock exchange within the next three years.

The project will feature a 500-kilowatt-peak (kWp) solar carport system equipped with over 870 bifacial solar panels.

The project was completed in18 months and it is set to generate 1,500GWh of clean electricity annually.

The projects are part of Saudi Arabia’s National Renewable Energy Program (NREP), which aims to achieve an optimal energy mix of 50% gas and 50% renewables by 2030 in line with the Kingdom’s Vision 2030.

These projects fall under Round 5 of the National Renewable Energy Program (NREP), which aims to achieve an optimal energy mix by 2030.

The 100,000-tonne capacity facility will play a key role in advancing the region’s renewable energy ambitions as solar power adoption accelerates.