China Energy Engineering has secured an EPC contract valued at approximately USD 972 million (EUR 889.2 million) for the development of the 2-GW Haden solar photovoltaic (PV) facility in western Saudi Arabia.
The agreement was finalized between a China Energy Engineering-led consortium and a joint venture that includes Saudi Arabia’s sovereign wealth fund PIF, Riyadh-based developer ACWA Power, and Saudi Aramco. The announcement was made in a stock market filing on Wednesday.
Situated around 70 km (43.5 miles) northeast of Taif City in Mecca Province, the project is scheduled for completion within 31 months. Once operational, the Haden solar plant is projected to contribute approximately 6,355,382 MWh of electricity annually to the Saudi power grid.
The Haden project is one of three solar PV initiatives being undertaken by ACWA Power and PIF in Saudi Arabia, aligning with PIF’s goal to achieve 70% renewable energy capacity in the Kingdom by 2030.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
