Riyadh Cement Wins 25-Year Solar Deal
Al-Yamamah Cement Company has signed an agreement to purchase solar energy from Samana Energy for 25 years at approximately 6 million SAR annually. The agreement aims to support Saudi Arabia’s Vision 2030 and promote sustainability and clean energy. It is based on a lower cost of electricity generation compared to current production costs and those of the Saudi Electricity Company, without requiring any financing or capital expenditures from the company. The energy generation system is expected to begin operations in the last quarter of next year, with a gradual impact on costs starting from the first year, according to initial estimates.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)