The Saudi Power Procurement Company (SPPC) has signed the Power Purchase Agreement (PPA) for 3 Solar IPPs as part of the fifth round of solar projects under the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy.
Al-Masaa IPP: The 1000 MWac Al Masa’a IPP to be located in the Hail province, KSA
The PPA was signed with the Consortium of SPIC Huanghe Hydropower Development Co. Ltd and EDF Renouvelables S.A. The consortium submitted the price of 5.13228 Halala/kWh (1.36861 USDc/kWh).
Al Henakiyah 2 IPP: The 400 MWac Al Henakiyah 2 IPP to be located in Madinah province, KSA
The PPA was signed with the Consortium of SPIC Huanghe Hydropower Development Co. Ltd and EDF Renouvelables S.A. The consortium submitted the price of 5.68618 Halala/kWh (1.51631 USDc/kWh).
Rabigh 2 IPP : The 300 MWac Rabigh 2 IPP to be located in the Makkah Province, KSA.
The PPA was signed the Consortium of Al Jomaih Energy and Water Company, TotalEnergies Renewables. The Consortiums submitted the price of 6.68019 Halala/kWh (1.78138 USDc/kWh).
During October 2024, SPPC announces shortlisted Bidders for 3,700 MW Round 5 Solar Projects. (read more)
These projects are part of NREP, which aims to achieve the optimal energy mix, displacing liquid fuels in the Kingdom’s power sector and supply 50% of its electricity from renewable energy by 2030.
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