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December 3, 2021

Red Sea Neom Solar PV Park, Saudi Arabia

By Carmen

Red Sea Neom Solar PV Park is a 400MW solar PV power project. It is planned in Tabuk, Saudi Arabia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 400 400 Permitting Tabuk, Saudi Arabia ACWA Power and the Water and Electricity Holding

Description

The project is being developed by ACWA Power and the Water and Electricity Holding.

Red Sea Neom Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $292.8m.

Development Status

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The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.

Contractors Involved

SEPCOIII Electric Power Construction is expected to render EPC services for the solar PV power project.

About ACWA Power and the Water and Electricity Holding

ACWA Power and the Water and Electricity Holding Co (Badeel) constructs, develops, operates and maintains photovoltaic facilities to generate electricity. The company is headquartered in Saudi Arabia.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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