PPA signed for 300 MW Rabigh 2 solar project
AEW and TotalEnergies consortium has signed a 25-year PPA with the state-owned SPPC for its 300 MW Rabigh 2 solar power project.
Image for illustration purposes.
Saudi Arabia: A consortium of Saudi developer Aljomaih Energy and Water Company (AEW) and France’s TotalEnergies has signed a 25-year power purchase agreement (PPA) with the state-owned Saudi Power Procurement Company (SPPC) for its 300 MW Rabigh 2 solar power project. The project is part of round 5 of the National Renewable Energy Programme (NREP), aiming to achieve an optimal energy mix for electricity production through gas and renewable energy at nearly 50% each by 2030.
The solar plant will be developed, built, owned and operated by the consortium with a connection to the grid expected in 2026. TotalEnergies is also building the 119 MW Wadi Al Dawasir solar power plant, set to start operation in early 2025.
Source: Zawya
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