Picture: Masdar, EDF Renewables
A consortium comprising vitality corporations Masdar, EDF Renewables and Nesma Firm has sealed a Energy Buy Settlement (PPA) with the Saudi Energy Procurement Firm to develop the 1,100MW Al Henakiyah solar energy plant.
Located within the Al Madinah province, this venture is poised to grow to be one of many largest single-site photo voltaic amenities globally.
As soon as operational, it’s projected to energy over 190,000 properties yearly.
The estimated value of this venture is roughly $1 billion (£810m).
Monetary closure for the Al Henakiyah Photo voltaic Plant is predicted in early 2024, with grid connection slated for 2025.
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