Tabuk Agricultural to develop solar project
Tabuk Agricultural Development Company announced the signing of a non-binding Memorandum of Understanding with a Saudi company specializing in solar energy, with the aim of studying and developing a solar energy project and upgrading the electrical infrastructure in the Tabuk regions. The project's annual production capacity is expected to reach approximately 195,000 megawatt-hours, aiming to reduce energy costs and achieve environmental and economic sustainability. Study permits have been obtained from the Saudi Electricity Regulation Authority to establish two solar power plants, each with a capacity of 25.5 megawatts. There is no immediate financial impact at this stage, as the focus is on initial study and development.
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