Saudi Aramco joins local 1.5 GW solar project with a 30% stake

Saudi Aramco, alongside the country’s sovereign wealth fund and Riyadh-based ACWA Power, is investing in its largest solar project with a capacity of 1.5 GW. The $907 million Sudair solar PV plant is the first project under PIF’s renewable energy program that aims to support Saudi Arabia’s energy transition and contribute 70% of the country’s renewable energy under the National Renewable Energy Program. The project will be able to power 185,000 homes, while offsetting nearly 2.9 million mt/year of emissions.