Toyota Tsusho Corporation, in a joint venture with TotalEnergies Renewables and Zahid Group, has secured a contract for a 119MW solar power plant in Saudi Arabia. The $100 million project will be implemented by Noor Alwadi Renewable Energy Company. The plant, located in Wadi Ad Dawasir, is the first renewable project for Toyota Tsusho in Saudi Arabia. Construction has already started, and the plant is expected to be operational by March 2025. The project has been selected for Japan’s Financing Programme for Joint Crediting Mechanism (JCM) Model Projects, aiming to reduce GHG emissions and promote renewable energy.
- Toyota Tsusho JV to build $100mln solar plant in Saudi Arabia