Saudi Arabia’s King Salman attended the ground-breaking ceremony for the first renewable energy project, Sakaka PV IPP, under the King Salman Renewable Energy Initiative.
The solar project, worth SAR1.2 billion ($320 million), is scheduled to begin commercial operation next year. Once complete, it will supply 45,000 households with power in Al Jouf and offset 430,000 tonnes of carbon dioxide.
The project will create job opportunities in the operations and construction sectors, said Mohammad Abunayyan, chairman of ACWA Power, the company heading the project.
He continued, “The project is marked as the first project under the progressive initiative to benefit from renewable energy in the kingdom and is set at a world record-breaking tariff that will transform the photovoltaic solar energy sector across the globe.”