Three wind energy projects with total production of 1,800MW and two solar energy projects of 1,500MW planned, SPPC says
The Saudi Power Procurement Company (SPPC) has revealed that it plans to float five renewable energy projects across the Kingdom with a total capacity of 3,300MW as part of the fourth phase of the National Renewable Energy Program’s projects.
Of the five projects, three will be utilising wind energy to produce electricity, while the other two will make use of solar energy, a statement from SPCC said. It will also be the principal buyer, the statement added.
In March 2022, Acwa Power and SPPC inked a deal to develop 700MW of solar projects while, in June 2022, Acwa Power inked a PPA with SPPC for a $107mn solar PV plant.
Once operational, the total production from these wind energy projects will be 1,800MW – the Yanbu facility output will be at 700MW, the Al Ghat plant at 600MW and the Waad Al Shamal facility will be 500MW. The solar projects will have a total production of 1,500MW, which will be distributed through the 1,100MW Al Henakiyah project, and the 400MW Tubarjal project.
Floating these projects is part of the Kingdom’s National Renewable Energy Programme, a key initiative being implemented under the supervision of the Ministry of Energy, the SPPC statement said.
Late in June 2022, ACWA Power signed a $1.15bn deal to develop one of the largest windfarms in the world.
“The programme is aimed at helping Saudi Arabia achieve its Net Zero target through the best energy mix of renewable energy resources and gas with 50% for each of them and replacing the fuel used to produce electricity by 2030, in bid to realise goals of the Saudi Vision 2030,” it said.