The Saudi Power Procurement Company (SPPC) has announced the successful signing of Power Purchase Agreements (PPA) for the 1500 MW Solar PV project, as part of Round 4 in the National Renewable Energy Program (NREP).
The Projects includes:
- 1100 MW Al Henakiyah Solar PV project
- 400 MW Tabarjal Solar PV project
Al Henakiyah Solar PV project:
The PPA for the Al Henakiyah Solar PV project was signed with a consortium consisting of Abu Dhabi Future Energy Company PJSC (Masdar) as the Managing Member, EDF Renouvelables as the Technical Member, and Nesma Company Ltd as the Consortium Member.
This project will contribute to supplying power to around 190 thousand residential units annually.
The LCOE (Levelized Cost of Electricity) for the Al Henakiyah Solar PV project is highly competitive, set at 1.68420 USDc/kWh (6.31575 halalas/kWh).
Tabarjal Solar PV project:
The PPA for the Tabarjal Solar PV project was signed with a consortium led by Jinko Power (HK) Company Limited as Managing Member and Technical Member, Sun Glare Holding Co. and Sunlight Energy Holding Co. as Consortium Members.
This project will contribute to supplying power to around 75,000 residential units annually.
The project achieved a competitive LCOE (Levelized Cost of Electricity) of 1.70795 USDc/kWh (6.40482 halalas/kWh).
The National Renewable Energy Program is supervised by the Ministry of Energy and is an extension of the energy ecosystem’s efforts towards realizing Vision 2030’s objectives, achieving the optimal energy mix, and displacing liquid fuels in the Kingdom’s power sector. Additionally, the program utilizes vast lands to harness renewable energy resources and increase the share of renewables in the energy mix to around 50% by 2030.
