POWERCHINA announced in a statement that it has awarded the Engineering, Procurement and Construction (EPC) contract for 500 MW Wa’ad Alshamal Wind Project in Saudi Arabia.
The contract was awarded by consortium led by “MARUBENI Corporation” in partnership with Abdulaziz Al-Ajlan Sons Co. for Commercial and Real Estate Investment – Ajlan & Bros.
Earlier, during May 2024 the developer signs the power purchase agreements (PPA) for AlGhat Wind Project (600 MW) and Wa’ad Alshamal Wind Project (500MW).
This Project is part of the National Renewable Energy Program which is supervisied 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. The Program harness renewable energy resources and increase the share of renewables in the energy mix to around 50% by 2030.
