TAG: "SPPC"

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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.

SPPC | January 07, 2025 | By EI News Network | 522

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.

SPPC | 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.

SPPC | 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.

SPPC | October 02, 2024 | By EI News Network | 728