- Yesterday the Saudi Government’s Renewables procurement body signed 7 agreements for PPAs with ACWA relating to 15 GW of solar power, the largest single deal that has been signed to date and significantly boosting the Kingdom’s plans to decarbonise its electricity grid by 2030. on.ft.com/4eSvrYa
Jul 14, 2025 16:36
- Just take a look at the prices at which these deals cleared.. these are obviously for intermittent solar (without batteries) but all the same they represent interesting benchmarks for public procurement of solar power in sunny places
- At these levels we are within the envelope in which SA can have plentiful supplies of water from desalination at v low prices and it can probably manufacture synthetic (and renewable) fuels that can store energy for use in other areas at prices that are lower than the cost of oil or gas today.
