Jeddah, Saudi Arabia, July 11, 2023 (GLOBE NEWSWIRE) — Following the Kingdom of Saudi Arabia – Ministry of Energy’s introduction of the third round of Public Renewable tenders, ARE (Altaaqa Renewables – a Zahid Group company) is proud to announce financial close for the development of a 119MWp Photovoltaic Independent Power Plant (PV Plant) in Wadi ad-Dawasir, along with its Consortium partners TotalEnergies and Toyota Tsusho Corporation. The Consortium will finance, build, own and operate the PV plant that will generate renewable energy for the Kingdom’s Central Region. The achievement follows the Consortium being awarded the project by the Saudi Power Procurement Company.
(GlobeNewsWire)