South Korea’s Samsung C&T Corp. is poised to build solar power plants to the tune of 800 billion in Qatar. The move will help the Middle East country to diversify its energy resources. Plus, the contract inked by Samsung C&T will augment the trading arm of Samsung Group to expand its future eco-friendly businesses.
In this context, the project aims at building solar power plants with the capacity to generate 875 megawatts of electricity. The project is expected to build a solar plant with 417 MW capacity in Mesaieed. Another solar plant will be built in Ras Laffan with a 458 MW capacity. The projects are expected to start generating electricity by the end of 2024. The power plants will have around 1.6 million solar panels, which are the size of 1,400 soccer fields.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO of Qatar Energy, stated that the IC Solar project was a major step in implementing their strategy to diversify Qatar’s energy resources. He added that it would help increase the reliance on high-efficiency renewable energy, a cornerstone for a sustainable future.
Upon completion of the project in 2024, QatarEnergy plans to utilize the output to reduce its greenhouse gas emissions from its facilities in both cities.
Samsung C&T has immense experience in successfully handling big projects via its broad business network overseas and plans to carry out this solar power plant project.
An official from Samsung C&T reiterated that they had been recognized as a global player in renewable energy generation with this project in Qatar. The official added that it follows the successful completion of a solar power plant project in Guam. Furthermore, they plan to expand their value chain from renewable energy generation to project management as well.
Ultimately, Samsung C&T plans to continuously work on enhancing its sustainable future business portfolio.