With a project value of $4,500 million, the Saudi PIF – Renewable Energy Program: Phase II – Ar Riyad project was the largest Solar PV construction project globally, on which construction started in Q4 2022. The Saudi PIF – Renewable Energy Program: Phase II – Ar Riyad project is located in Riyadh, Saudi Arabia and initially announced in Q1 2021 with an estimated completion in Q1 2027. The SJVN – Bikaner Solar Power Plant 1000 MW – Rajasthan project was the second-largest project with a project value of $718 million, on which construction work started in Q4 2022. The SJVN – Bikaner Solar Power Plant 1000 MW – Rajasthan project is located in Bikaner, India and initially announced in Q1 2022 with an estimated completion in Q2 2024.
The ACEN Australia/ UPC Renewables – Stubbo Solar Farm 400 MW – New South Wales project was the third-largest project, the ACWA Power – Kom Ombo 200 MW Photovoltaic Power Plant – Aswan was the fourth-largest project, and the Abyodos Solar – Kom Ombo 500MW Photovoltaic Power Plant – Aswan was the fifth-largest project with a project value of $513 million, $500 million and $330 million respectively. The ACEN Australia/ UPC Renewables – Stubbo Solar Farm 400 MW – New South Wales project located in , Australia was announced in Q1 2019 with an estimated completion in Q4 2024, the ACWA Power – Kom Ombo 200 MW Photovoltaic Power Plant – Aswan project located in Aswan(CITY), Egypt was announced in Q1 2012 with an estimated completion in Q3 2023 and the Abyodos Solar – Kom Ombo 500MW Photovoltaic Power Plant – Aswan project located in Kawm Umbu, Egypt was announced in Q1 2019 with an estimated completion in Q3 2024.
Among the five largest projects, the Saudi PIF – Renewable Energy Program: Phase II – Ar Riyad project is the longest in terms of completion date, with construction expected to be completed in Q1 2027. On the other hand, the ACWA Power – Kom Ombo 200 MW Photovoltaic Power Plant – Aswan project is the shortest in terms of completion date, with construction expected to be completed in Q3 2023.
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