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Saudi Arabia launches world’s largest solar-power plant
On November 30th ACWA Power, a local utilities company, signed an agreement with Water and Electricity Holding Company (Badeel) to build the world’s largest single-site solar-power plant in Al Shuaibah, Mecca province. The solar-power facility is expected to start operations by end‑2025, with a generation capacity of 2,060 MW. We expect investment in clean energy projects to rise, assisted by high oil prices in 2023‑24, as Saudi Arabia seeks to add 15 GW of renewable energy capacity in 2022‑23, supporting the government’s climate objectives and economic diversification strategy. The project will be developed and ... (full story)