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الاقتصادية
Saudi energy storage Projects worth 3.25B Riyals
Saudi Energy Company and Acwa Renewables signed agreements to develop and operate three independent energy storage projects using battery technology in Saudi Arabia, with a total investment of 3.25 billion riyals and a duration of 15 years. The projects—Kahfa, Hadan, and Al-Mawai—are located in Hail and Mecca, each with a production capacity of 500 megawatts and a total storage capacity of up to 2,000 megawatt-hours. Saudi Energy will hold a 35.1% stake in each project, while Acwa will own 34.9%, with the aim of enhancing grid efficiency and supporting the expansion of renewable energy production in Saudi Arabia.
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