PRESS RELEASE: His Royal Highness Prince Faisal bin Nawaf bin Abdulaziz, Governor of Al-Jouf Region, welcomed Mohammad Abunayyan, Chairman of ACWA Power, to receive updates on the latest progress of Sakaka PV IPP following the operation of the plant’s first phase.
ACWA Power is the developer of the SAR 1.2 billion Sakaka plant, which is the first utility scale renewable energy project in the Kingdom of Saudi Arabia under the King Salman Renewable Energy Initiative. The project has an output capacity of 300 MW.
His Royal Highness praised ACWA Power’s continuous efforts in bringing forward initiatives and projects in line with the Kingdom's Vision 2030. He expressed his sincere appreciation to ACWA Power’s pledge in harnessing its full capabilities and resources as well as delivering Sakaka PV IPP at the highest level of efficiency, cementing its position as a leading Saudi company in the industry.
The Governor of Al Jouf stressed on the importance of the project in creating new employment opportunities for Al Jouf youth, as well as enhancing their skills and bolstering the community’s socioeconomic status. This outcome is set to benefit the Saudi economy as a whole and accelerate the achievement of the ambitious goals of the national vision.
“ACWA Power plays a prominent role in supporting national plans and initiatives at the highest level of quality and efficiency. Sakaka PV IPP in Al Jouf is a testament to ACWA Power’s commitment to bolstering the growth of the Saudi economy and steering the direction of the government’s transformative plans, which effectively aim to diversify energy sources and increase the share of renewables within the Saudi energy scheme,” said His Royal Highness Prince Faisal bin Nawaf bin Abdulaziz, Governor of Al-Jouf Region
ACWA Power Chairman, Mohammad Abunayyan said: “We were pleased to update His Royal Highness Governor of Al Jouf region on the latest progress of Sakaka PV IPP – which we are extremely honoured to develop as the first renewable energy project in the Kingdom. Sakaka PV IPP supports the forward-looking vision of the Kingdom’s renewables program and goals of Vision 2030.”
“In reaffirmation of our commitment to strengthening Saudization in the Kingdom’s energy sector, we are proud of the project’s success in recruiting 90% of Saudi talents from Al Jouf region during the first year of operation. Our aim is to reach a 100 percent once the plant is fully operational. The project will also contribute to training Saudi youth to cultivate skills and expertise in the water and energy fields through ACWA Power’s Higher Institute for Water and Power Technologies,” Abunayyan added.
Abunayyan emphasised that Sakaka PV IPP registered over 30 percent of contractual local content during the construction and development phase, which granted Saudi companies the platform to contribute to the implementation of similar progressive projects in the Kingdom.
Spanning over six square kilometres at Al Jouf, Sakaka IPP PV solar project is the first of a series of renewable energy projects within the ambitious Saudi national renewables program aiming to produce 58.7 GW of renewable energy in Saudi Arabia by 2030.
Awarded to an ACWA Power led consortium at a world record tariff of 8.781 halalas/kWh, the SAR 1.2 billion project will supply power to 45,000 of Al Jouf households through clean energy to offset over 430,000 tonnes of carbon dioxide a year.