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Monday, 26 September 2022

Saudi eyes 3.3 GW of solar and wind power

Saudi Arabia has announced five new renewable energy projects with a combined capacity of 3.3 GW, the Saudi Press Agency reported yesterday. The projects consist of wind and solar farms, and were launched by the country’s power procurement agency, which is the principal buyer.

The breakdown: The country announced three wind facilities that will have the capacity to produce 1.8 GW of power and two solar farms with a combined capacity of 1.5 GW.

How much will all of this cost? The government has not disclosed the financial details of the projects, but the price tag will likely stretch into nine figures USD. Egypt’s 1.8 GW Benban solar park — the largest in Africa — cost at least USD 4 bn to build.

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