EDF Renewables has signed a long-term PPA for two solar power projects in Saudi Arabia, significantly contributing to the country's renewable energy goals.

Information on the Target

The consortium led by EDF Renewables has signed a long-term Power Purchase Agreement (PPA) to develop two significant solar plants in Saudi Arabia with a combined capacity of 1,400 megawatts (MW). The projects include the MASA’A solar facility with a capacity of 1,000 MW and the Al Henakiyah2 solar power plant with a capacity of 400 MW. These projects are part of the fifth round of solar projects initiated by the Saudi Power Procurement Company (SPPC).

Once operational, these solar plants are expected to power over 240,000 households and significantly reduce carbon emissions by preventing the release of more than 2.7 million tons of CO2 annually. The PPA was formalized during a ceremony in Riyadh attended by notable leaders, including Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al Saud and French President Emmanuel Macron, underscoring the international collaboration in renewable energy development.

Industry Overview in Saudi Arabia

Saudi Arabia is undergoing a significant transformation in its energy sector, a move driven by its Vision 2030 initiative, which aims to diversify the economy and reduce its dependence on oil. The country has set a goal to reach 50% reliance on renewabl