ACWA said the Red Sea resort will rely entirely on renewable energy for power generation, water production, wastewater treatment and regional cooling. The company said that the public infrastructure of the Red Sea project will include the deployment of a solar power project with an installed capacity of 340mw, and the first phase of the project will be put into operation by the end of 2022.
Paddy padmanathan, CEO of ACWA power, commented: "the Red Sea Development Project in Saudi Arabia is a great project in terms of vision, ambition, scale and scope. It creates a responsible renewable tourism industry, protects the earth for future generations and enhances the experience of tourists."
Red Sea Development Corporation (trsdc), the overall developer and purchaser of the project, will purchase all utilities under a single off take agreement, including the provision of renewable energy, drinking water, wastewater treatment, regional cooling and solid waste treatment.
It is part of Saudi Crown Prince Mohammed bin Salman's 2030 vision plan, which aims to modernize the country's economy and increase the renewable energy portfolio.
Saudi Arabia is building a new city neom along the Red Sea, which will use 100% renewable energy, including large-scale green hydrogen.
