The $907 million Sudair solar PV plant is the first project under PIF's renewable energy program that aims to support Saudi Arabia's energy transition and contribute 70% of the country's renewable energy under the National Renewable Energy Program, ACWA added.
"While hydrocarbons will continue to be a vital part of the energy mix for decades to come, renewables like solar have an important role to play in helping achieve the world's climate goals," Mohammed Al Qahtani, senior vice president of downstream at Aramco, said in the statement. "Sudair will support Saudi Arabia's ambition to generate part of the nation's power needs from renewable energy by 2030, and is one of several low-carbon energy options being deployed by Aramco."
