Jinko Power Technology Co., Ltd announce the successful signing of Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for the Tabarjal 400 MW Solar PV Project, under the Round 4 of National Renewable Energy Program (NREP).
This is an important step forward for Jinko Power’s strategy to grow business in the Kingdom of Saudi Arabia (KSA) in addition to its first project,
SAAD 300 MWac, which was awarded in 2022 and is currently under construction. With this latest addition, Jinko Power’s total portfolio of projects in the Kingdom of Saudi Arabia now stands at 700 MWp in terms of net MWs awarded /currently under construction, which makes it one of the leading developer in the Kingdom renewable energy market.
The Project is located approximately 17 km northeast of the city of Tabarjal, in the Al- Jouf Province, KSA. Electricity generated from the Project will be acquired by SPPC through a 25-year PPA. The construction is scheduled to spread over 2024 to 2025.
The plant will use bifacial solar panels, the latest technology that will receive solar irradiation on both the front and backside of the panels, thus increasing energy generation efficiency. Once operational, the plant is expected to reduce KSA’s CO2 emissions by more than [717] thousand metric tons per year.
The achievement of financial close for the SAAD project and signing of the PPA for the Tabarjal project shall cement our foundations in KSA and allow for many further successes in the Kingdom, statement mentioned.
