Sudair PV IPP
Sudair Solar PV is poised to become one of the largest single-contracted solar PV plants in the world and the largest of its kind in Saudi Arabia at an installed capacity of ~1,500MW. First project under The Public Investment Fund’s (PIF) renewable energy programme, the project has recorded the second lowest cost globally for Solar PV electricity production [USD 1.239 cents/kwh].
The PIF-backed consortium, led by ACWA Power, signed a power purchase agreement with the Saudi Power Procurement Company for 25 years. Sudair PV IPP will be capable of powering 185,000 homes and offsetting nearly 2.9 million tons of emissions per year.