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Saudi Arabia Energy Signs Agreements
Saudi Energy Company announced the signing of three agreements with a total value of 3.25 billion Saudi riyals to develop and operate three independent battery energy storage projects in the Mecca and Hail regions. Each project’s capacity ranges from 500 megawatts to 2,000 megawatt-hours, with a 15-year commercial operation contract. The projects aim to enhance grid stability and efficiency, especially as the Kingdom increasingly relies on renewable energy sources.
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