Masdar, EDF Renewables, and Nesma Company inked a PPA for the 1,100 MW Al Henakiyah solar plant with the Saudi Power Procurement Company. Their $1 billion project secured with a $16.84/MWh bid will power 190,000 homes and slash 1.8 million tonnes of CO2 annually. This project combines the consortium expertise, targeting financial close in early 2024 and grid connection by 2025.
PPA signed for 1.1 GW Al Henakiyah Plant
The consortium will develop, build, own, and operate the project under a 25-year agreement with the off-taker SPPC. Illustration by Masdar.
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)