Browsing: Vision 2030

The projects, Al Masa’a (MAS) and Al Henakiyah 2 (AHK2), are part of the fifth round of Saudi Arabia’s National Renewable Energy Program (NREP)

The project will link the PP14 power plant in Riyadh to the coastal region of Kudmi in southwestern Saudi Arabia. 

The project will cover an area of 420,000 square meters and is designed to reduce the carbon footprint of the energy-intensive cement industry while supporting Saudi Arabia’s Vision 2030 renewable energy objectives.

ACWA Power anticipates that the financial effects of the plant’s operations will be visible in its fourth-quarter earnings for 2024

ACWA Power’s power generation capabilities have expanded by 2.4 GW in 2024, with 2.2 GW of projects achieving partial or full commercial operations within the first nine months

The projects, each 500 MW/4-hour in size, are strategically located across Saudi Arabia

SWPC’s substantial pipeline of projects comes as Saudi Arabia intensifies its investment in water management to support both current and future demands across the kingdom

The projects are set to be developed on a build, own, and operate (BOO) basis

The four solar projects, which have a combined capacity of 3,700 MW, are expected to support the Kingdom to meet its renewable energy targets

The contracts are part of Saudi Arabia’s broader effort to expand its transmission grid and support its rapidly growing energy needs