Qatar’s Amir Tamim bin Hamad Al-Thani inaugurated Al Kharsaah Solar Power Plant in Al Kharsaah. The solar plant covers 10 square kilometers and includes more than 1.8 million solar panels. The cost of the 10 km square plant is almost 1.7 billion QAR which accounts for more than $466 million.
The plant will help in meeting 10% of the country’s peak electricity demand and is jointly owned by TotalEnergies & Marubeni (40%) and Siraj Energy (60%).
Qatar also announced that it will be investing 2.3 billion QAR into solar power plants in Mesaieed and Ras Laffan industrial cities this year, doubling the value of its total solar energy projects from 1.7 billion QAR to 4 billion QAR to boost its solar energy investments.
Qatar Investment Authority, the sovereign wealth fund of Qatar, also recently invested EUR 2.4 million in Germany’s RWE to support their accelerated ‘Growing Green’ strategy.
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