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.
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)