In a significant development during the Saudi Investment Forum, a consortium led by EDF Renewables Middle East and SPIC HHDC has finalized a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC). The agreement paves the way for the development of two large-scale solar independent power producer (IPP) projects with a combined capacity of 1,400 MW in Saudi Arabia.
Project Highlights:
- Al Masa’a Solar Project: 1,000 MW
- Al Henakiyah 2 Solar Project: 400 MW
Official Ceremony Details:
The milestone was celebrated at a high-profile event attended by prominent leaders, including:
- HRH Prince Abdulaziz bin Salman Al Saud, Saudi Arabia’s Minister of Energy
- H.E. Majid bin Abdullah Al Qasabi, Saudi Arabia’s Minister of Commerce
- Mazin Albahkali, CEO of SPPC
- Emmanuel Macron, President of France
- Agnès Pannier-Runacher, France’s Minister for Ecological Transition
- Béatrice Buffon, EDF Group Vice-President and CEO of EDF Renewables
Statements from EDF Renewables
Béatrice Buffon, EDF Group Vice-President, emphasized the importance of the projects, stating:
“The award of these two significant solar projects is another major milestone reached with the Ministry of Energy and SPPC. EDF’s strong technical expertise, combined with high environmental and social standards, positions us to navigate the dynamic Saudi clean energy market effectively.”
Impact of the Projects
- Homes Powered: 240,000 annually
- CO₂ Reduction: Over 2.7 million tons displaced each year
- Local Benefits: Boost in employment opportunities and alignment with Saudi Arabia’s renewable energy objectives
These projects are part of Saudi Arabia’s Vision 2030, aiming to diversify its energy mix and advance sustainable energy solutions. EDF Renewables’ involvement underscores its global commitment to clean energy innovation.
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