Country reeling from widespread power cuts says Abu Dhabi Prince has agreed to assist with roll-out of 2GW solar portfolio nationwide, with Lake Kariba singled out as impromptu battery.
Connection of 300MW venture by ACWA Power and AlGihaz comes after their world-record bid of 8.781 halalas/kWh (US$2.34/kWh) in the first round of Saudi Arabia's renewable tender programme.
The US$180 million twin projects were awarded in the second round of Jordan's solar programme in 2015 and will help Arab nation hit 10%-by-2020 clean energy goal.
The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.
New incentive programme meant to help kingdom meet 60GW-by-2030 renewable target sees the light in the wake of Abqiaq drone strike and oil price uncertainty..
Under-construction Amin project is touted as the Sultanate’s first utility-scale solar scheme and the world’s first in the segment to feature an oil major as the sole offtaker.
Completion of 15MW Al Kharj Solar Project follows consultants’ predictions that Middle Eastern kingdom will grow in five years to install annual solar volumes of 1-5GW.
