TAG: " Saudi Power Procurement Company"

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SPPC Releases List of Qualified Bidders for First Group of Battery Storage Projects

Saudi Arabia’s SPPC has announced 33 prequalified developers for the first group of its 2GW/8GWh BESS projects. This initiative is part of the kingdom’s push toward 50 percent renewable energy by 2030, with long-term contracts for selected bidders.

Saudi Power Procurement Company | January 07, 2025 | By EI News Network | 522

EDF and SPIC Secure PPAs for 1,400 MW Solar Projects in Saudi Arabia

EDF Renewables and SPIC signed 25-year agreements for two solar projects totaling 1,400MW in Saudi Arabia, valued at USD 850 million. The projects will power 240,000 homes annually, cutting 2.7 million tons of CO₂ emissions.

Saudi Power Procurement Company | December 06, 2024 | By EI News Network | 517

Saudi SPPC Signs USD 9.3 Billion PPAs for Thermal and Solar Energy Projects

Saudi Power Procurement Company (SPPC) inks agreements for 5 energy projects totaling 9,200 MW, including 7,200 MW thermal and 2,000 MW solar. Investments worth SAR 35 billion align with Vision 2030’s balanced energy mix of gas and renewables.

Saudi Power Procurement Company | November 19, 2024 | By EI News Network | 719

Saudi Arabia Launches 8 GWh Battery Storage Tender to Boost Renewable Energy

Saudi Arabia initiates a 2,000 MW/8,000 MWh battery storage tender with four projects under the build-own-operate model, aiming to enhance grid flexibility and support its Vision 2030 goal of a 50 percent renewable energy share.

Saudi Power Procurement Company | November 06, 2024 | By EI News Network | 1121

ACWA Power and Partners Secure Financial Close on Solar Projects

Acwa Power, alongside Badeel and Saudi Aramco Power Co., has secured USD 3.2 billion in funding for solar projects in Saudi Arabia. The financing will support the Haden, Muwayh, and Al Khushaybi plants, with a total capacity of 5.5 GW, expected to begin commercial operations in Q1 2027.

Saudi Power Procurement Company | October 02, 2024 | By EI News Network | 728

Saudi Arabia Fast Tracks Renewable Energy Goals with 5.5 GW Solar PV Project

SPPC has finalised the power purchase agreements worth USD 3.3 billion (SAR 12.3 billion) for three photovoltaic projects with ACWA Power Company, Water and Electricity Holding Co., also known as Badeel and Aramco Power.

Saudi Power Procurement Company | July 01, 2024 | By News Bureau | 1237

Masdar, EDF Renewables and Nesma Sign PPA for 1100 MW Solar IPP Project in Saudi Arabia

Once operational, it is expected that the project will power more than 190 thousand homes per year and displace more than 1.8 million tonnes of carbon dioxide annually.

Saudi Power Procurement Company | November 08, 2023 | By News Bureau | 1307

ACWA Power, PIF and Aramco to Reach Financial Close for Al Shuaibah 1 and 2 Solar Projects

ACWA Power, a Saudi-listed company, Badeel, wholly owned by Public Investment Fund (PIF), and Saudi Aramco Power Company (SAPCO), an entirely owned subsidiary of Aramco announces the successful financial close of Al Shuaibah 1 and Al Shuaibah 2 solar PV projects which will produce an aggregate capacity over 2.6GW of clean electricity for Saudi Arabia.

Saudi Power Procurement Company | August 22, 2023 | By EI News Network | 2565

Toyota Tsusho Forays in Saudi Arabia with Solar Power Project Worth USD 100 Million

This solar plant marks Toyota Tsusho’s inaugural renewable energy project in Saudi Arabia and will work under a build, own, operate mode.

Saudi Power Procurement Company | July 15, 2023 | By EI News Network | 1517

JinkoPower Signs PPA for Saad 300 MW Solar PV Project in Saudi Arabia

Jinko Power Technology Co., Ltd, announced that it was awarded the Saad 300MWp Solar PV Project in the recent public auction for Round 3 Category 'B' solar PV projects by Saudi Arabia's Ministry of Energy.

Saudi Power Procurement Company | March 09, 2022 | By News Bureau | 1859