Launching the first Solar Project in Saudi Arabia


The governor of Saudi Arabia’s Jouf region announced that they are launching the first renewable energy project before the end of 2019, according to the Saudi Press Agency. Mohammed Abunyan, chairman of Aqua Power, said the project will have a capacity of 300 megawatts in Sakaka and will provide enough power to supply 45,000 households in Al Jouf with more than 500,000 tons of CO2 per year.
This is the first renewable energy project to be built under the initiative of the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz. The project costs $0.32 billion and covers an area of six square kilometers in Jouf. The Saudi renewable energy program aims to produce 58.7 gigawatts of power by 2030.
Al-Jouf Governor stressed the importance of the project in creating new job opportunities for Al-Jouf youth and enhancing their skills and socio-economic status of the society.
Saudi Arabia and Japanese Softbank have announced a new partnership to create the world’s largest solar power company in Saudi Arabia. Masayoshi Son, CEO of Softbank, said he expected the project to have the capacity to produce up to 200 GW by 2030. According to a CNBC report, the project is expected to cost $ 200 billion.