Public Security chief launches digital vehicle plate wallet service    'Action is in our nature': 4th Saudi Green Initiative Forum to be held at COP16    Pop hit APT too distracting for South Korea's exam-stressed students    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Mohammed Al-Habib Real Estate Co. sets Guinness World Record with largest continuous concrete pour    PIF completes largest-ever accelerated bookbuild offering in MENA region    Saudi Arabia signs renewable energy program with Azerbaijan, Kazakhstan and Uzbekistan at COP29    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Human Rights Watch accuses Israel of mass displacement in Gaza amounting to war crime    Thousands of protesters march in Paris ahead of tense football match between France and Israel    Republicans win 218 US House seats, giving Donald Trump control of government    UN sounds alarm at Israel's 'severe violations' at key buffer zone with Syria    Order vs. Morality: Lessons from New York's 1977 Blackout    Saudi, Indian foreign ministers co-chair Cooperation Committee meeting in New Delhi    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    'Marvels of Saudi Orchestra' to dazzle audience in Tokyo on Nov. 22    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    Rita Ora is tearful in tribute to Liam Payne at MTV Awards    France to deploy 4,000 police officers for UEFA Nations League match against Israel    Al Nassr edges past Al Riyadh with Mane's goal to move up to third    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Crown Prince announces launch of Sakaka solar power plant
Published in The Saudi Gazette on 08 - 04 - 2021

SAKAKA — Crown Prince Muhammad Bin Salman on Thursday announced the launch of the Sakaka solar power plant and the signing of a power purchase agreement (PPA) for seven new solar power projects in various regions in the Kingdom.
The Crown Prince, who is the chairman of the Supreme Committee for Energy Mix Affairs to monitor production and empower the renewable energy sector, said that the launch of Sakaka Solar PV Plant — the first renewable energy project in the Kingdom — and the signing of the power purchase agreement for seven new projects are the result of implementing directives of the Custodian of the Two Holy Mosques King Salman to develop the Kingdom's economy in accordance with Vision 2030 and renewable energy initiatives are part of it.
"A few weeks ago, the 'Green Saudi' initiative and the 'Green Middle East' initiative were announced. I explained that, as a world-leading oil producer, we are well aware of our share of responsibility in advancing the fight against climate change. In continuation of our leading role in the stability of the energy markets, we will carry on playing the same role to lead in the area of renewable energy," the Crown Prince said.
"This occasion underlines our determination to be leaders in all energy sectors and our endeavor to find the optimal energy mix and promote efficiency in producing and consuming energy. We witness today the launch and operation of Sakaka IPP PV, our first step to utilize renewable energy in the Kingdom. And soon, the construction of the Dumat Al-Jandal wind energy project will also be completed."
"We witness today the signing of PPA's for seven new solar power projects in various regions in the Kingdom," the Crown Prince added.
"The output capacity of these projects, in addition to the projects of Sakaka and Dumat Al-Jandal, will amount to more than 3,600 MW. They will also power more than 600 thousand households and reduce greenhouse gas emissions by more than 7 million tons. Some of these projects have set new world records for the lowest cost of solar-produced electricity. The Shuaibah project's cost of electricity is 1.04 US cents per kWh. More renewable energy projects will follow across the Kingdom, which we will announce when the time comes."
"These projects, along with other renewable energy projects, which are being developed across the Kingdom, constitute essential elements of our plans that seek to optimize the energy mix used to produce electricity," the Crown Prince emphasized.
"We aim to have the share of each gas and renewable energy in this mix at 50 percent by 2030 and to substitute gas and renewable energy for around a million BOEs of liquid gas per day used as fuel in electricity production, water salination, and other sectors. This will allow us to have the energy mix that is optimal, most efficient, least costly, and most beneficial for the protection and preservation of the environment.
"The projects we celebrate today reflect the Kingdom's efforts that seek to nationalize the renewable energy sector, promote the local content in it, and enable the manufacturing of the components of solar and wind energy production locally, allowing the Kingdom, within the next ten years, to become a global hub for conventional energy, renewable energy and their technologies."
The Crown Prince concluded by asserting that "the 'Green Saudi' and 'Green Middle East' initiatives, in addition to the projects we are launching today, represent substantive parts of our leadership role towards shared international issues, and a complement to the efforts made by the Kingdom during its presidency of the G20 Summit, resulting in the group's adoption of the concept of the circular carbon economy, which contributes to accelerating the rebalancing of greenhouse gas emissions. Thus, these projects enhance our renewable energy record and also add to the standing we already enjoy in the energy sector in general."


Clic here to read the story from its source.