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.
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)
The latest 5.34 MW solar installation brings Kohat Cement’s total on-site solar capacity to 15.34 MW, reducing its reliance on the national grid. (Image Credit/Source: Kindel Media/Pexels)