- Saudi Arabia’s NADEC says its planned 30 MW solar power project has completed construction
- Project has come up in Haradh region and is ready to enter commercial operations
- The company plans to reduce the use of fuel with the help of this project that’s been completed by France’s Engie
The National Agricultural Development Company (NADEC) in Saudi Arabia has announced completion of construction for its 30 MW solar power plant in Haradh region. It is now getting ready to start commercial operations of the facility.
In July 2019, France’s Engie secured a SAR 0.9 per kWh electricity price under a power purchase agreement (PPA) with NADEC for the 30 MW solar project for a period of 20 years (see NADEC Signs PPA For Engie’s 30 MW Solar Project).
Back then, NADEC had said it expects to reduce its fuel consumption from the project to 124,000 barrels annually. According to the company’s estimates, it sees energy costs coming down by 4% or SAR 4.1 million.
Part of the Saudi Arabian sovereign wealth fund, the Public Investment Fund (PIF), NADEC says it will evaluate additional savings, if any, from the actual use of the solar panels in Q4/2021 during the project’s operation period.