The Saudi Power Procurement Company (SPPC) has made significant progress in advancing Saudi Arabia’s renewable energy sector by selecting qualified bidders for the development of 3.7 GW of solar projects. This announcement is a part of Saudi Arabia’s fifth round of renewable energy tenders, highlighting the kingdom’s commitment to transitioning towards sustainable energy sources.
Among the selected entities are globally renowned companies such as Masdar, EDF Renouvelables, and TotalEnergies, disclosing the strong interest of industry leaders in contributing to Saudi Arabia’s renewable energy goals. These solar projects, distributed across various provinces including the Sadawi project in the eastern province and the Al Masa’a project in Hail province, are integral to Saudi Arabia’s strategy of reaching 50% renewable energy in its power mix by 2030.
Through the National Renewable Energy Programme (NREP), SPPC has already allocated over 12.6 GW of renewable energy capacity, further solidifying Saudi Arabia’s position as a key player in the global renewable energy market. Additionally, SPPC has identified pre-qualified bidders for the development of Combined Cycle Gas Turbine (CCGT) power plants, such as Rumah-1 & Rumah-2 and Nairyah-1 & Nairyah-2, each with a capacity of 1.8 GW.
This strategic move is in line with Saudi Arabia’s vision of diversifying its energy sources and reducing its dependence on fossil fuels. By leveraging both renewable energy and conventional options like CCGT plants, Saudi Arabia aims to ensure energy security and sustainability for its growing population and economy.
With this, the kingdom proves that it will continue to make strides in its renewable energy endeavors and also the global attention remains focused on Saudi Arabia’s role in shaping the future of the energy landscape.