The Kingdom of Saudi Arabia through Vision 2030 has defined a strong and clear roadmap for the development of renewable projects in the country. ACWA Power, a proud Saudi company that is leading energy transition globally, is committed to supporting the ambitious KSA vision by developing, investing and operating renewable energy, water desalination and green hydrogen projects, utilizing our global expertise to partner and enable shared clean energy goals. With regards to Solar technology, and most specifically about Photovoltaic (PV) technology, we are expecting a significant pipeline of projects in the near future.

New modules with higher efficiency using advanced technologies and higher capacity will be introduced to the market. The advancement of local manufacturing capability is being strongly supported to meet the country needs using new technologies developed within KSA. This will encourage and bring more local content and industry / technology development, which in turn will spur local entrepreneurship and industry growth. In addition, an important factor to be taken into consideration is that when more PV projects are integrated with the Saudi grid, new opportunities and challenges will also be a part of the changing landscape. As things progress, the development of storage capabilities to provide grid stability and dispatch-ability will be considered common in the integration of XXX with solar projects.

BESS, CSP and other ways to store energy are coming into the picture, ensuring high efficiency and low LCOE PV projects. The future is bright and it is really important to understand how KAUST is combining research and development, and driving digitalization solutions, to achieve high efficiency solar PV panels that reduce LCOE (Levelized Cost of Electricity) of the projects, as well as minimize land requirement. ACWA Power will continue paving the path to a cleaner, greener future, integrating the most innovative solutions to provide electricity, water and hydrogen at the lowest possible cost.