Nadec’s first corporate solar PPA in KSA becomes operational
Dubai, UAE, February 15, 2022
Nadec, one of the leading agricultural and food processing companies in the Kingdom of Saudi Arabia, together with the French energy company Engie, has announced that its solar energy project, located in its Haradh industrial park, is now commercially operational since December 22.
The announcement comes following the completion of the second phase of construction on the solar farm, completed on November 31, 2021.
The solar PV park was developed as part of a 25-year corporate power purchase agreement between Nadec and Engie, the first of its kind in the country.
The facility, located on an area of land spanning 766,000 sq m, roughly equivalent to 21 football pitches, has a capacity of 30 MW. With state-of-the-art technology, the solar PV park features 75,000 photovoltaic bifacial modules with single access trackers, string inverters, and fully automated robotic cleaning, helping boost their production capability and cost-efficiency.
Speaking on the launch of the solar PV park’s commercial operations, Turki Al Shehri, Chief Executive Officer for Engie in KSA, said: “At Engie, we are guided by our mission to support the transition to renewable energy, helping governments and businesses embrace the green, circular economy. We are delighted to announce that we have reached a new milestone on Nadec’s solar PV park as it becomes commercially operational. This is a significant achievement for the Kingdom as part of its drive to decarbonize the economy and make the shift toward a more sustainable future for all.”
The project is estimated to lower carbon emissions by 53 million kg per year.--TradeArabia News Service