The Saudi Power Procurement Company (SPPC) has signed a Power Purchase Agreement (PPA) for the 700 MW Yanbu Wind Energy project under the National Renewable Energy Program (NREP).
The total investment o the project is over SAR1.7 billion (US$458 million). The agreement was signed with a consortium of MARUBENI Corporation and Abdulaziz Al Ajlan Sons Co. For Commercial and Real Estate Investment (Ajlan & Bros). The Yanbu project is located in the Madinah Region, with a Levelized Cost of Electricity (LCOE) of 1.72468 US Cent/kWh (6.46755 Halala/kWh).
Shanghai Electric has entered into significant partnerships with Abu Dhabi Future Energy Company (Masdar) and Oman's Mawarid Group to advance renewable energy initiatives in Saudi Arabia. Key Highlig...
Read moreACWA Power Company announced the signing of a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for a large-scale Combined Cycle Gas Turbine (CCGT) Power Plant,...
Read moreDubai Electricity & Water Authority P.J.S.C. (DEWA) announces the commencement of a competitive tender process for the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park situated appro...
Read moreThe Saudi Power Procurement Company (SPPC) has released a list of 33 prequalified bidders for its 2 GW/8 GWh battery energy storage system (BESS) tender. The tender, structured as a build-own-op...
Read moreSaudi Arabia has connected its 500 MW/2000 MWh Bisha battery energy storage system (BESS) facility in the southwestern province of Asir to the grid. The Bisha battery storage facility, owned by Saudi...
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