ACWA Power commissions 700-MW solar park in Saudi Arabia

The 700-MW Ar Rass solar photovoltaic project in Saudi Arabia has been commissioned, co-owner ACWA Power Co (TADAWUL:2082) said on Sunday.

The solar plant located in Ar Rass city, Qassim province, north of the capital Riyadh "is now online and has started power generation" after receiving the commercial operation certificate from the Saudi Power Procurement Company (SPPC), the developer said in a stock market filing.

The electricity from Ar Rass is fed into the national grid under a 25-year offtake agreement with the SPPC.

According to ACWA Power's website, the total investment value for the development, construction and operation of the facility is USD 450 million (EUR 407.57m). The Riyadh-based company holds a stake of 40.1% in the project company.

Ar Rass is one of four solar projects in Saudi Arabia that ACWA Power is set to bring online by the end of 2024.

Choose your newsletter by Renewables Now. Join for free!