Sakaka PV IPP
Sakaka Solar Photovoltaic Project is the first project within the National Renewable Energy Program, which is considered a strategic step by the Custodian of the Two Holy Mosques to exploit renewable energy sources in line with the Kingdom's Vision 2030.
The Sakaka Solar Energy Project is in Al-Jouf, Saudi Arabia. It is considered one of the leading projects in the field of renewable energy, as it has a production capacity of up to 300 megawatts using single-axis photovoltaic solar panel technology. The total cost of the project is estimated at about 1.2 billion Saudi riyals, and it was developed by establishing a project company, the Sakaka Solar Energy Company, through an alliance that includes ACWA Power with a 70% stake, and Algihaz Holding Company with a 30% stake. The project operates under a power purchase agreement with the Saudi Power Procurement Company for a period of 25 years.