Could a power purchase agreement make large-scale solar projects viable in Saudi Arabia?

Saudi scientists have determined the current price threshold for power purchase agreements (PPA) that could make large-scale PV and wind power projects viable in Saudi Arabia. They incorporated data from the 300 MW Sakaka solar farm and four potential utility-scale PV project sites.

How much solar power does Saudi Arabia have?

The country currently has around 190 MW of installed solar capacity, according to Apricum. In May, Saudi Arabian developer ACWA Power won a bid to develop 110 MW of floating solar in water reservoirs, 50 MW on the island of Sumatra, and 60 MW on Java.

Where are solar energy panels made in Saudi Arabia?

In continuation to excel and provide the best services to our customers, the first factory specialized in the Kingdom of Saudi Arabia to manufacture solar energy panels in conformity with international standards was established in the city of Sudaidar

Why should you invest in solar power in Saudi Arabia?

To meet Saudi’s ever-growing energy need by providing affordable solar electricity. We will translate our advanced technologies into value for our customers and stakeholders. We will ensure that our comprehensive business solutions will spearhead the renewable energy movement for a cleaner and greener environment globally.

Where should solar farms be located in Saudi Arabia?

They said this facilitated the identification of four “optimal” locations for large-scale solar farms in Tabuk, Al Madinah, Makkah, and Riyadh provinces, as well as other suitable locations for wind power in Al Madinah, Makkah, Riyadh, and Eastern provinces.

How much does a solar PV plant cost?

“The Sakaka solar PV plant operates under a 25-year PPA with an electricity price of $23.40/MWh, while the Dumat Al Jandal wind farm has a 20-year PPA with an electricity price of $21.30/MWh,” the researchers said, acknowledging that technical and financial details for the plants are not fully available.