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الاقتصادية
Saudi energy storage projects worth 3.25bn riyals
Saudi Energy Company and Acwa Renewable Energy have signed agreements to develop and operate three independent energy storage projects utilizing battery technology in Saudi Arabia, with a total investment of 3.25 billion Riyals over a 15-year period. The initiatives include the "Al Kafa," "Hadan," and "Al Mua" projects in Hail and Mecca, each with an installed capacity of 500 MW and a storage capacity of 2,000 MWh. Saudi Energy will own 35.1% of each project, while Acwa will own 34.9%, aiming to promote energy sustainability and the localization of battery technologies. This move is part of Saudi Arabia’s efforts to develop the renewable energy sector and support green hydrogen projects.
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