TheSaudi Power Procurement Company (SPPC)has unveiled the shortlisted bidders for the highly anticipated fourth round of solar projects within the National Renewable Energy Program (NREP). Under the auspices of the Ministry of Energy, NREP seeks to transform Saudi Arabia’s power generati...
As per the deal, SPPC will be re-tendering the two projects into four smaller combined cycle power projects of 1,800MW capacity, each with provision for CCS readiness. The Saudi Power Procurement Company was fully nationalised in August 2022, by the Saudi Ministries of Finance and Energy, aft...
A consortium of Acwa Power Company, Public Investment Fund subsidiary Water & Electricity Holding Company (Badeel), and Aramco Power have signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) in connection with three new solar photovoltaic projects in Saudi Arabia. The ...
Saudi Arabia has initiated the qualification process for the first batch of Battery Energy Storage System (BESS) projects with a total capacity of 2,000MW/8,000MWh as part of its efforts to expand renewable energy in its power mix. The Saudi Power Procurement Company (SPPC) said on Monday ...
In the presence of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al- Saud, Minister of Energy, the Saudi Power Procurement Company (SPPC) has signed Power Purchase Agreements (PPA) for three new solar photovoltaic projects.
The Masdar-led consortium signed a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) for the independent power producer (IPP) project following a successful bid in the fifth round of Saudi Arabia’s National Renewable Energy Programme (NREP). The trio was in Octob...
The Saudi Power Procurement Company (SPPC) is the sole offtaker on this project and has signed a 25-year power purchase agreement with ACWA Power for an investment value of $450 million, which includes the plant’s development, construction and operations, to provide power for the ...
A consortium comprising TotalEnergies and Saudi Arabia’s Aljomaih Energy and Water Company (AEW) signed the PPA with the Saudi Power Procurement Company (SPPC) related to the 300-MW Rabigh 2 solar project, the French firm confirmed separately. The plant is expected to become operational...
Bilateral discussions to develop combined-cycle gas turbine (CCGT) electricity generation plants in Saudi Arabia are under way between Riyadh-headquartered utility Saudi Electricity Company (SEC) and the kingdom's principal buyer, Saudi Power Procurement Company (SPPC). ...
For instance, in February 2024, the Saudi Power Procurement Company (SPPC) announced qualified bidders for the fifth round of 3.7 GW solar projects under the NREP, attracting major international developers like EDF Renouvelables, Masdar, Itochu Corporation, and Total Energies Renewables. This ...