EDF Renewables and SPIC wins bid for two solar IPP projects in Saudi Arabia

Projects are expected to power over 240 thousand homes per year

EDF Renewables has signed a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) during a recent official signing ceremony held in Riyadh in the presence of HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy, Saudi Arabia; Emmanuel Macron, President of the Republic of France; HE Majid Bin Abdullah Al Qasabi, Minister of Commerce, Saudi Arabia; Beatrice Buffon, EDF Group Vice-President, International Division, and Chairwoman & CEO, EDF Renewables and Mazin Albahkali, CEO, SPPC, signatories of the Power Purchase Agreement for the  development of the 1,000 MW Al Masa’a and the 400 MW Al Henakiyah2 solar power parks.

Once operational, both projects are expected to power more than 240 thousand homes per year and displace more than 2.7mn tons of carbon dioxide annually.

Leveraging expertise

The projects, estimated to cost US$ 850mn, leverage the expertise of global renewables leaders, France’ EDF Renewables and China’ SPIC Huanghe Hydropower Development Company.

“These projects will increase our renewables asset capacity up to 3,500 MW in the Kingdom, paving the way for a future of sustainable growth and positive impact for the future generations,” stated Buffon.

The 400 MW Al Henakiyah2 Solar Plant is located 36km southeast of Al Henakiyah Town in the Madinah province. The 1,000 MW Al Masa’a project is located in the Dharghat Town, Hail province, Saudi Arabia.