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Saudi Arabia signs PPAs for 1.7 GW solar projects
POWER & RENEWABLE ENERGY

Saudi Arabia signs PPAs for 1.7 GW solar projects

The Saudi Power Procurement Company (SPPC) has signed power purchase agreements for three new solar photovoltaic projects totalling 1.7 GW as part of its National Renewable Energy Program. This marks the fifth round of the program, during which SPPC also shortlisted bids for an additional 3.7 G...

The Saudi Power Procurement Company (SPPC) has signed power purchase agreements for three new solar photovoltaic projects totalling 1.7 GW as part of its National Renewable Energy Program. This marks the fifth round of the program, during which SPPC also shortlisted bids for an additional 3.7 GW capacity. The awarded projects will be developed as independent power plants (IPPs). Al-Masaa IPP (1 GW) was awarded to a consortium led by China鈥檚 SPIC Huanghe Hydropower and France鈥檚 EDF Renouvelables, with a record-low tariff of SAR0.051/kWh. Al-Henakiyah 2 IPP (400 MW) was awarded to the SPIC-EDF consortium at SAR0.056/kWh while Rabigh 2 IPP (300 MW) was awarded to a consortium of Saudi Arabia鈥檚 Al Jomaih Energy and Water Company and TotalEnergies Renewables, with a tariff of SAR0.066/kWh. 

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