Engie secures PPA for 30 MW solar PV park in Saudi Arabia
Engie has secured a power purchase agreement (PPA) with the National Agricultural Development Co. (NADEC). With a validity of 25 years, the PPA seals a price of SAR0.094 (US$0.025) per kWh.
Engie will develop a 30 MW solar power plant in Nadec City, Haradh, with work on the development to begin on 31 October, 2019 and targets the start of commercial operations on October 31, 2020. NADEC expects financial savings from the reduction in fuel consumption to gradually start accruing from the state of operation of the plant.
With the solar power plant, NADEC hopes to reduce its fuel consumption to 124,000 barrels, while saving 53,000 tonnes of carbon dioxide (CO2) emissions annually.
Country updates
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August 02, 2019
Saudi Arabia invites bids for Round Two of National Renewable Energy Program
The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources (MEIM) have issued the request for proposals, RFPs, for Round Two of...
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August 01, 2019
Plambeck, Saipem to build 500 MW floating offshore wind farm in Saudi Arabia
Saipem has signed a memorandum of understanding with Plambeck Emirates LLC, a solutions company in the field of renewables based in Abu Dhabi, and an exclusive agreement for the development and constr...
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July 26, 2019
Financial Close for the first wind park in Saudi Arabia
Financial close has been reached for Saudi Arabia’s 400 MW Dumat Al Jandal wind park in the Al Jouf region of Saudi Arabia that is being developed by a consortium of French renewable energy...
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July 26, 2019
Saudi Arabia announces details for initial 1.4 GW tender
The Renewable Energy Project Development Office (REPDO) of Saudi Arabia's Ministry of Energy, Industry and Mineral Resources (MEIM) has announced details of the bidding process and the timeline for 12...
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July 23, 2019
EDF, Masdar place turbine order for 415 MW Dumat Al Jandal wind project in Saudi Arabia
A consortium formed by EDF Renewables and Masdar has placed a 415 MW order for the Dumat Al Jandal wind park in the Al Jouf region of Saudi Arabia. The project will be the country’s first utilit...
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