Major milestone in KSA renewables programme as
Sultan AlNabulsi, Acting Chief Executive Officer from Badeel, said: "Badeel is proud to achieve this milestone for the new three Solar PV Projects, as an anchor sponsor under PIF to achieve its commitment to
Saudi Arabia signs PPA for 1,700MW Solar PV Projects
The Saudi Power Procurement Company (SPPC) has signed the Power Purchase Agreement (PPA) for 3 Solar IPPs as part of the fifth round of solar projects under the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy. Al-Masaa IPP: The 1000 MWac Al Masa''a IPP to be located in the Hail province,
Saudi Arabia lists qualified bidders for 4.5 GW of solar, wind projects
The competition, launched at the end of September, concerns the 1.4 GW Najran solar PV, 600-MW Samtah solar PV, 600-MW Ad Darb solar PV, 400-MW As Sufun solar PV and the 1.5-GW Dawadmi wind projects. The list of qualified bidders for the four solar projects includes a consortium of Masdar and JERA NEX Ltd; an alliance of Alfanar and PowerChina; a
Saudi Arabia awards 1 GW solar power projects
Saudi Arabia awarded solar power projects with a total capacity of 1 Gigawatts on March 7, as the world''s largest oil exporter looks to diversify its domestic power mix away from hydrocarbons. Latest News Infographics Topics
Saudi Arabia''s NEOM plans solar power station in space
Posted in Energy, Latest News, Saudi Arabia, World Saudi backs solar power in space. According to a report by the Times newspaper, NEOM and the UK government have teamed up to invest $4.3m (£3.5m) to
Masdar, EDF consortia in race for $2bn Saudi solar projects
3 天之前· Saudi Power Procurement Company (SPPC) has announced that consortiums of leading utility developers including Abu Dhabi Future Energy Company (Masdar), French group EDF and TotalEnergies have been shortlisted for the fifth round of National Renewable Energy Programme (NREP) solar projects.
Saudi Arabia gets $3.2billion funding for 5.5GW Solar
Saudi Arabia is positioning itself as a key player in the global renewable energy sector with a bold goal of generating 50% of its electricity from renewables by 2030. This ambitious plan includes significant investments in
Masdar, EDF, and TotalEnergies Compete for $2.12 Billion in Saudi Solar
Key Impact Points: SAR 8 Billion Investment: Saudi Arabia''s National Renewable Energy Programme (NREP) will attract over $2.12 billion in investments for solar projects.; Major Consortiums: Masdar, EDF, and TotalEnergies lead the shortlisted consortiums for four solar IPP projects.; 25-Year Power Agreements: Successful bidders will enter into 25
GlassPoint to build giant industrial solar thermal project in Saudi
The GMTS is the first stage in building the mega solar thermal project, Ma''aden I, being set up a in a $1.5 billion project. GO. Advanced search. CAPITAL MARKETS. Maaden I - in the kingdom in partnership with Saudi mining giant Maaden and Spanish utility major Cox. LATEST NEWS. 1. UAE signs trade deals with Malaysia, Kenya, New
New Solar Projects Accelerate Saudi Vision 2030
Saudi Arabia is on its way to achieving its ''Vision 2030'' goal, which aims at diversifying the Kingdom''s economy away from dependence on oil and towards renewable energy.. In addition to announcing the opening of the ACWA Power
Masdar, EDF, TotalEnergies consortia in race for $2bln Saudi solar projects
The projects, which will attract investments worth over SAR8 billion ($2.12 billion), will be implemented on a build, own and operate (BOO) model by a project company, and will be 100% owned by the successful bidder. SPPC is responsible for the predevelopment, tendering, and subsequent offtake Energy projects under Ministry of Energy Supervision.
GlassPoint launches first phase of USD-1.5bn Saudi
GlassPoint is developing the GMTS project with the Ministry of Investment of Saudi Arabia (MISA). The company has engaged its technical and delivery partner, Spanish energy and water utility Cox (), to assist in the
SaudiGulf Projects
1 天前· Access the Saudi and Gulf Projects Information. Information including Ongoing and upcoming Projects. Power, Water, Renewable, Solar, Wind, Oil & Gas. February 4, 2025
Masdar to build $1bn solar power plant in Saudi Arabia
Posted in Energy, Latest News, Saudi Arabia, UAE Masdar to build $1bn solar power plant in Saudi Arabia "We are therefore extremely proud of the role NRE will play in delivering the Al Henakiyah Solar Project, a ground
Rabigh 2 solar project: TotalEnergies, Aljomaih secure
France-based TotalEnergies and Aljomaih Energy signed a 25-year PPA with the Saudi Power Procurement Company for Rabigh 2. The 300 MW solar project aligned with Saudi Vision 2030 and was planned to connect
French Companies to Build Solar Projects in Saudi Arabia
Saudi Arabia previously stated that the 3.7 GW renewable tender round, which includes the TotalEnergies and EDF projects, would attract investments of over 8 billion Saudi riyals ($2.1 billion). Additionally, TotalEnergies has ongoing renewable energy projects in Saudi Arabia, including the 119 MW Wadi Al Dawasir solar park, which is set to be operational by 2025.
PIF''s Wholly-owned Company Badeel and ACWA
Riyadh, Kingdom of Saudi Arabia, 21 May 2023: The Water and Electricity Holding Company (Badeel), a wholly-owned company of the Public Investment Fund (PIF), and ACWA Power today announced the signing of
EDF-led team signs 1.4GW Saudi solar deals
The projects are estimated to cost $850m. The 400MW Al-Henakiyah 2 solar IPP is located 36 kilometres southeast of Al-Henakiyah town in Medina while the 1,000MW Al-Masaa project is located in Dharghat town in Hail province. The consortium will develop, build, own and operate the projects as part of a 25-year agreement with SPPC.
Saudi Arabia signs PPA for 1,700MW Solar PV Projects
The Saudi Power Procurement Company (SPPC) has signed the Power Purchase Agreement (PPA) for 3 Solar IPPs as part of the fifth round of solar projects under
Saudi Arabia''s largest solar project to receive $1.63bn
Posted in Energy, Banking & Finance, Latest News, Saudi Arabia Saudi Arabia''s largest solar project to receive $1.63bn in financing . The solar project located in Shuaiba in the Makkah Al-Mukarramah region is being
Saudi Arabia''s Solar Park: The Launch of MENA
Another solar power project is the Shuaibah IPP situated 80 kilometers south of Jeddah, with an electricity generation capacity of 600 Megawatts. Then, there is Rabigh IPP, 25 kilometers from Rabigh, whose
Saudi consortium secures funds for 5.5 GW of projects
RIYADH, September 30, 2024 – ACWA Power, the Water & Electricity Holding Company (Badeel) and Saudi Aramco Power Company (SAPCO) secured funding for three solar projects totalling a combined capacity of 5.5 GW,
Saudi Arabia signs solar deals with France''s TotalEnergies
CAIRO: Saudi Arabia signed agreements for solar energy projects with foreign partners during the Saudi-French Investment Forum attended by French President Emmanuel Macron on Tuesday in Riyadh. An agreement was signed with French oil major TotalEnergies and Al Jumeih Energy and Water for the Rabigh 2 solar power plant.
Saudi Arabia Advances Solar Energy with New Projects
PowerChina Guizhou Engineering Co., Ltd. has signed EPC contracts to develop two new solar power station projects in Saudi Arabia. The projects, named Al Masa''a
Arctech Lands a 2.3GW Saudi Solar Project, Tops
Under this agreement, Arctech will supply 2.3 GW of SkyLine II solar trackers for the PIF4-Haden project owned by ACWA Power. This latest deal further solidifies Arctech''s position in the MEA
Arctech Lands 2.3GW Saudi Solar Project, Tops 15GW In MEA
This project is a demonstration endeavor in response to the "Saudi Vision 2030" initiative. It is anticipated to commence commercial operations by early 2027. Upon completion, it is estimated to generate approximately 156.189 billion kilowatt-hours over 25 years, equivalent to a reduction of nearly 147 million tons of carbon dioxide emissions.
Top global firms in race for 3,000MW Saudi solar projects
Top global firms in race for 3,000MW Saudi solar projects. The projects are being implemented under the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy, said SPPC in its statement Emerge announces two new agreements, project inauguration. 3. LATEST NEWS. 1. US inflation rise in December
16 companies bid for KSA mega solar projects
The 3,000MW solar projects also saw several Saudi groups bidding, both on their own and in consortium with global firms. Among those now pre-qualified by SPPC, the major names are Nesma Renewable Energy; Al
Saudi Arabia launches world''s largest solar-power plant
The project will be developed and operated by a 50:50 joint venture established by ACWA and Badeel. The two companies are also developing the Sudair 1.5‑GW solar facility, and both companies are backed
Saudi Arabia: GlassPoint reveals world''s largest solar thermal project
GlassPoint, a leader in industrial decarbonisation, has announced plans to develop the world''s largest industrial solar thermal project, Ma''aden I, in Saudi Arabia. The project is a $1.5 billion partnership with Saudi mining giant Ma''aden and Spanish utility company Cox, which will also serve as the technical and delivery partner.
Top 5: Largest Solar Projects in the Middle East Region
Renewable energy sources, such as solar, wind, and green hydrogen, have become the new engines powering growth and development. Some of the major oil-producing countries, like the UAE and Saudi Arabia, are now leading renewable energy growth in the region, with some of the largest solar projects powering the sustainable growth.
16 companies bid for KSA mega solar projects
Saudi Power Procurement Company (SPPC) has announced that a total of 16 utility project developers have now been pre-qualified for the sixth round of solar projects coming up across the Kingdom. These will