Marubeni and FAS Energy (FASE) inked a corporate PPA with Cenomi Centers. Cenomi, operating multiple malls in Saudi Arabia, will receive electricity from a rooftop solar system developed by a joint venture between Marubeni’s subsidiary, AXIA POWER HOLDINGS B.V., and FASE, a part of the Fawaz Alhokair Group. The 52 MW rooftop system is contingent upon regulatory approvals in Saudi Arabia.
Saudi shopping malls shine bright with Marubeni solar
Marubeni contributes to Saudi’s 2030 Vision by also adding 300 MW Rabigh solar, supporting the goal of 58.7GW renewables. Illustration from Marubeni.