Our client, NADEC, based in Kingdom of Saudi Arabia (KSA), is a leading food processing company in the Middle East and North Africa. In line with KSA’s Vision 2030, NADEC wanted to adopt an alternative to the company’s fossil fuel consumption.
Large industries in KSA consume significant amount of fossil fuels with diesel or heavy fuel generators for their daily operations, primarily in remote areas that are not connected to the grid to power facilities. This can lead to long-term challenges such as environmental pollution, contribution to climate change, air pollution and health risks, resource depletion, price volatility, regulatory compliance burdens, limited flexibility and innovation, and reputational risks. NADEC wanted to transition to solar power and embrace a renewable energy alternative to align with KSA’s sustainable, environmentally friendly, and forward-thinking approach for large industries.
With ENGIE’s Distributed Solar PV solution, implemented on an area of land spanning 766,000 sq. meters, our client was able to reduce fuel consumption by 124,000 barrels/year, resulting in a decline of 53,000 tons of annual carbon emissions. The solar PV park was developed as part of a 25-year corporate power purchase agreement between NADEC and ENGIE, the first of its kind in the country.