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King Abdullah Economic City and SAFEER signed a letter of intent. SAFEER is a joint venture between Altaaqa Alternative Solutions and TotalEnergies. This strategic agreement will provide the framework for developing 25,000 solar panels with ground mounted motorized system with a capacity of the 12.5-megawatt peak.
The hybrid solar power plant is expected to decrease KAEC’s carbon footprint by nearly 20,380 metric tonnes of CO2 emissions annually and reduce diesel consumption by around 30%. The project will also attribute KAEC to its targets for waste collection, recycling, and the construction of certified landfill-free factories. SAFEER’s collaboration is in line with KAEC’s goal to be both environmentally and socially sustainable. It also allows the city to look at new, efficient development solutions that will benefit the entire community.
Commenting on the partnership, Cyril Piaia, CEO of KAEC, said, “We are excited to launch KAEC’s first Sustainability project in line with the Kingdom’s Green Initiative, Vision 2030 and the overall United Nations Sustainable Development Goals (UNSDG) for the planet. Signing with SAFEER will enable KAEC to move away from diesel-powered generators and produce green energy for the city and for renowned electric vehicle manufacturers such as LUCID. This hybrid solar farm will also significantly reduce KAEC’s carbon footprint as well as reduce our power generation cost of 17%, which is a nice value-add to the project.”
Francois Ganneau, Managing Director of SAFEER, commented, “As organizations continue to collaborate for the sake of prosperity within the Kingdom of Saudi Arabia, we at SAFEER continue to prioritize initiatives that create a net-positive environmental impact. The signing of this strategic agreement with KAEC to construct a state-of-the-art hybrid solar power farm is a great opportunity for SAFEER to utilize our expertise and resources in developing sustainable projects within the Kingdom. We thank KAEC for their trust and continued support and we look forward to the successful completion of this landmark facility.”
SAFEER is a joint venture between Altaaqa Alternative Solutions and TotalEnergies that aims to be a leader in solar energy commercial and industrial sectors within the Kingdoms of Saudi Arabia and Bahrain.
The 12.5 MWp hybrid solar power plant at KAEC will produce approximately 29.GWh annually of clean electricity. This is equivalent to about 80 million km driven by an average passenger vehicle or the carbon sequestered by 335,000 trees that have been grown for ten years. KAEC aims to recycle 85% through the life of the PV panels.
KAEC hopes that this reliable and cost-effective solar energy solution will be used in the Kingdom of Saudi Arabia as an example of the growing use of solar technology.
The solar farm is part of KAEC’s upcoming Sustainability strategy, which will soon be announced. It also abides to ESG principles, which are gaining increasing attention in the Kingdom. KAEC plans to be a leader in such initiatives.