Japan’s Marubeni appointed for KSA wind projects ...United Arab Emirates

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Japan’s Marubeni appointed for KSA wind projects
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 135
Saudi Power Procurement Company (SPPC) has signed two power purchase agreements (PPAs) with a consortium led by top Japanese business conglomerate Marubeni Corporation to procure power from its key wind projects: the 600MW AlGhat and 500MW Wa’ad Alshamal. The deals were signed by the principal buyer SPPC during the Saudi-Japan Vision 2030 Business Forum. The deals come as part of Round 4 of the Saudi National Renewable Energy Program (NREP), which is supervised by the Ministry of Energy. On the key achievement, Prince Abdulaziz Bin Salman bin Abdulaziz Al Saud, Minister of Energy said: “AlGhat had achieved a new record low cost of electricity production from wind power at 1.56558 cents/kWh l

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