Construction & Real Estate

Saudi Arabia kicks off qualification bid for 12,000MWh projects

Saudi Power Procurement Company (Principal Buyer) has launched the qualification bid process for the second group of Battery Energy Storage System (BESS) projects. The combined capacity of Group 2 BESS projects is 3000MW for a 4-hour storage duration (12,000 MWh). ...

Construction & Real Estate

Saudi Energy seals $3.1bn power purchase deal for Rabigh 2 project

Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity. ...

Construction & Real Estate

Saudi Electricity seals ECA deal for $1.4bn Rabigh 1 power plant expansion

Saudi Electricity Company (SEC) has signed an Energy Conversion Agreement (ECA) with the Saudi Power Procurement Company (Principal Buyer) for the purchase of energy produced from the SAR5.33 billion ($1.4 billion) Rabigh 1 Expansion Power Plant. ...

Construction & Real Estate

Saudi Arabia unveils qualified bidders for 5.3GW renewable energy projects

Saudi Power Procurement Company has unveiled the qualified bidders for the seventh round of solar and wind projects with a total 5.3GW capacity. These include global leaders such as EDF, Engie, TotalEnergies, Kepco and Marubeni along with regional players such as Masdar and Alfanar. ...

Construction & Real Estate

Saudi Arabia awards $2.4bn renewable energy projects

Saudi Power Procurement Company has awarded SAR9 billion ($2.4 billion) renewable energy projects to consortiums of leading global players such as French group TotalEnergies, Korea Electric Power Corporation as well as regional heavyweight Masdar. ...