Saudi Arabia’s Saudi Power Procurement Company (SPPC) signed PPAs for five energy projects totaling 9.2 GW. These include the 2,000 MW Sadawi solar PV project and four gas-fueled power plants of 1,800 MW each. The solar project, developed by Masdar, KEPCO, and GD Power, will begin in Q2 2027 with an LCOE of 1.2926 cents/kWh. The gas projects—Rumaih-1, Rumaih-2, Nairyah-1, and Nairyah-2—will start in Q2 2028. Developers include ACWA Power, SEC, TAQA, JERA, and Al Bawani. The $9.3 billion investment supports Vision 2030’s 50% renewable and 50% natural gas energy mix goals.
Saudi SPPC signs $9.3B contracts for 9.2 GW energy projects
The Sadawi solar PV project, part of SPPC’s 9.2 GW initiative, will generate 2 GW with a record-low LCOE of 1.2926 cents/kWh by 2027. (Image Source: Zawya)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)
The PIF4 project includes Haden (1 GW) and Al Khushaybi (1.6 GW) solar power plants in Saudi Arabia. (Image Source: Sineng Electric)