73 Days
Source:
الاقتصادية
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Source: الاقتصادية
73 Daysالاقتصادية
Source: الاقتصادية
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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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