SPPC seals deals for three massive solar projects in Saudi.

By Oliver Townsend Jun 28, 2024
SPPC signs PPAs for three new solar PV projects (5.5 GW) in Saudi Arabia.jpegOrginal image from: https://www.enerdata.net/publications/daily-energy-news/sppc-signs-ppas-three-new-solar-pv-projects-55-gw-saudi-arabia.html

Saudi Arabia has taken a significant step towards expanding its renewable energy capacity with the signing of power purchase agreements (PPAs) for three new solar photovoltaic projects. The Saudi Power Procurement Company (SPPC) inked deals with ACWA Power Company, the Water & Electricity Holding Company (Badeel), and Aramco Power for these projects, totaling a capacity of 5.5 GW. This move is part of Saudi Arabia’s National Renewable Energy Program and signifies a major commitment to increasing clean energy production in the country.

New Solar PV Projects in Saudi Arabia

The PPAs signed by SPPC cover three new solar PV projects, with each project contributing to the overall renewable energy goals of the country. The 2 GW Haden and the 2 GW Al Muwayh projects are located in the Makkah region, while the 1.5 GW Al Khushaybi project is situated in the Qassim region. These projects represent a significant investment in solar energy infrastructure and will play a crucial role in diversifying Saudi Arabia’s energy mix.

Saudi Arabia’s Renewable Energy Ambitions

In addition to the recent solar PV projects, the Saudi Ministry of Energy has announced plans to launch annual tenders for new renewable energy projects with a total capacity of 20 GW. The country aims to reach between 100 and 130 GW of renewable energy capacity by 2030, highlighting its commitment to sustainable energy development. As of the end of 2023, the installed solar capacity in Saudi Arabia accounted for 2.5% of the total capacity, indicating steady progress towards meeting renewable energy targets.

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