Saudi firms sign $8.3bln clean energy deals
ACWA Power signed seven agreements as the main developer, in partnership with the Water and Electricity Holding Co (Badeel), owned by the Saudi Public Investment Fund (PIF), and Aramco Power, a unit of Aramco, according to SPA.
The projects include five photovoltaic solar plants in the cities of Aseer, Medina, Mecca and Riyadh, and two wind power projects in Riyadh.
Saudi Arabia is aiming to build up to 130 gigawatts of renewable capacity by 2030, it said last year. (Reporting by Menna Alaa El-Din and Ahmed Tolba; Editing by Gareth Jones and David Holmes)
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