In the framework of the Saudi Green Initiative and the renewable energy programme of the Saudi Public Investment Fund, a consortium has been assembled for the construction of a 1.500 MW solar plant, to be located in the city of Sudair. This would be the largest solar plant in Saudi Arabia, expected to provide 70% of the country's total renewable energy by 2030.
State-owned company Aramco notably holds 30% of the shares in this consortium. The Sudair Solar PV project has an investment value of SAR 3.4 billion. A 25-year power purchase agreement was established with the Saudi Power Procurement Company.
Electricity production is expected to start in the second quarter of 2022.