{"id":88116,"date":"2024-11-20T00:00:00","date_gmt":"2024-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/20\/sppc-inks-ppa-for-2-gw-al-sadawi-solar-project\/"},"modified":"2024-11-20T00:00:00","modified_gmt":"2024-11-20T00:00:00","slug":"sppc-inks-ppa-for-2-gw-al-sadawi-solar-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/20\/sppc-inks-ppa-for-2-gw-al-sadawi-solar-project\/","title":{"rendered":"SPPC inks PPA for 2 GW Al Sadawi solar project"},"content":{"rendered":"

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SOLAR-<\/p>\n

#1-<\/strong>SPPC inks PPA for 2 GW solar project: <\/strong>State-owned Saudi Power Procurement Company (SPPC) has signed a Power Purchase Agreement (PPA) for the 2 GW Al Sadawi Solar Photovoltaic Project \u2014 part of KSA\u2019s National Renewable Energy Program (<\/a>NREP<\/a>) (pdf)<\/a> \u2014 with a consortium-led by UAE's Masdar, Korea Electric Power Corp, and GD Power Development, according to a statement<\/a>. The PPA \u2014 covering a 25-year period \u2014 is set to deliver clean energy at a Levelized Cost of Electricity (LCOE) of USD 1.29 per KWh. <\/strong>The plant is set to begin commercial operations by 2Q 2027. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

REFRESHER- <\/strong>SPPC shortlisted multiple consortiums last month<\/a> to develop four solar projects with a total capacity of 3.7 GW, including Al Sadawi plant. The projects are expected to reel in SAR 8 bn (USD 2.1 bn) of investments. <\/p>\n

#2- Al <\/strong>Jouf <\/strong>taps Engie for on-site solar plant: <\/strong>Al Jouf Cement Company has signed a 25-year agreement with France's Engie to construct and operate a 22 MW solar power plant at its site in Turaif, according to a Tadawul filing<\/a>. The value of the investment was not announced. <\/p>\n

About the plant: <\/strong>The solar power plant is expected to meet approximately 25% of the energy-intensive cement producer\u2019s electricity needs, significantly lowering its hefty electricity bill. The company estimates a monthly saving of SAR 3.6 mn compared to the current industrial electricity tariff. The project will offset some 1.5 mn tons of emissions. <\/p>\n

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ENERGY EFFICIENCY-<\/p>\n

Siemens <\/strong>to boost buildings\u2019 energy efficiency in UAE: <\/strong>Siemens Smart Infrastructure has partnered with the UAE Ministry of Energy and Infrastructure to retrofit 60 government buildings with advanced technology aimed at achieving up to 27% energy and water savings, according to a statement<\/a>. The program \u2014 which targets healthcare and education facilities \u2014 is expected to reduce CO2 emissions by 15.4k metric tons annually. <\/p>\n

More on the plan: <\/strong>Siemens will upgrade HVAC systems, integrate movement and lighting sensors, and install centralized building management systems to enhance energy efficiency and user comfort. <\/p>\n

Not the first collaboration with Siemens: <\/strong>The collaboration follows a successful pilot in which Siemens retrofitted seven ministry buildings, resulting in 20% energy and water savings. Last September, the UAE\u2019s Energy and Infrastructure Ministry signed an MoU<\/a> with Siemens Energy to boost sustainable development, grid infrastructure, and climate action.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n