(MENAFN) Saudi Arabia has presented ACWA Power, a renewable energy developer, with its first solar PV initiative, as declared by the Kingdom's Energy Ministry.
The ministry also announced the developer to be set to sign the 300 megawatt (MW) solar project on Wednesday.
The agreement is said to might include a $300 million private sector capital funding.
Commercial operation was revealed to be launched in 2019, while investments for the project are to be concluded by 28 February.
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