France’s Engie to build a new solar power plant, while Al Jouf Cement will offtake production

Al Jouf Cement Company inked a 25-year agreement with French energy giant Engie to build and operate a 22 MW solar power plant at its Turaif site, according to a Tadawul filing. Al Jouf will offtake the power generated by the plant. The investment value was not disclosed.

The details: The solar facility is set to supply around 25% of Al Jouf’s energy needs, slashing its energy costs by an estimated SAR 3.6 mn per month compared to current industrial tariffs. The project is expected to offset 1.5 mn tons of carbon emissions, marking a step toward sustainability in the energy-intensive cement industry.

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