Saudi Arabia’s Crown Prince announces opening of Sakaka powerplant

Saudi Arabia’s Crown Prince announces opening of Sakaka powerplant

Saudi Arabia's Crown Prince Mohammed bin Salman announced the opening of the Sakaka IPP PV powerplant, the Kingdom's first renewable energy project, the Saudi Press Agency (SPA) reported on Thursday.

The launch of the Sakaka IPP PV and the signing power purchase agreements (PPA) for seven new projects are the result of King Salman's directives and the Kingdom's aim to develop its economy, in accordance with the Vision 2030's renewable energy initiatives, according to SPA.

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Saudi Arabia aims "to nationalize the renewable energy sector, promote the local content in it, and enable the manufacturing of the components of solar and wind energy production locally, allowing the Kingdom, within the next ten years, to become a global hub for conventional energy, renewable energy and their technologies,“ the crown prince said.

"A few weeks ago, the 'Green Saudi' initiative and the 'Green Middle East' initiative were announced. I explained that, as a world-leading oil producer, we are well aware of our share of responsibility in advancing the fight against climate change. In continuation of our leading role in the stability of the energy markets, we will carry on playing the same role