Kuwait considers 5-GW solar project - report

A group of energy companies are planning to build a 5-GW solar power complex in the north of Kuwait that will involve an investment of about USD 3.5 billion (EUR 3.1bn), Kuwaiti daily Al Anba said on Tuesday, citing sources familiar with the matter.

The initiative has been submitted to the Cabinet Office and then referred to Kuwait's minister of finance for a review, the report says. The developers are seeking state approval to build the park as a private investment project and then sell the produced electricity to the Ministry of Electricity, Water and Renewable Energy.

The electricity generated by the park would be enough to supply 100,000 households on average and offset about 800,000 tonnes of carbon emissions.

If approved, the solar farm is expected to support urban expansion in the north of Kuwait, as well as to reduce the price for electricity production in the country and create about 2,000 new jobs related to the construction and operation of the facility.

The project will be a major step in the sustainable strategy of the Gulf country and step up its efforts to generate 15% of its electricity from clean energy in 2030.

(USD 1 = EUR 0.887)

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