Sineng Electric has signed a contract with Larden & Toubro (L&T) to supply the former’s Turnkey Stations to power the Rass solar PV Independent Power Plant (IPP), one of Saudi Arabia’s National Renewable Energy Program (NREP) large projects. The project aims to maximize renewable energy share, diversify energy sources, and decarbonize the local economy. A consortium led by ACWA Power is behind the development of the $450mn project, a power purchase agreement signed for 25 years with the Saudi Power Procurement Company (SPPC). The plant will contribute to Saudi Vision 2030 by powering approximately 132,000 households in central Saudi Arabia with clean energy.
- Sineng signs with L&T for Saudi’s 700mw solar project