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Saudi Arabia Awards 4.5 GW Renewable Energy Projects for $2.4B+
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Heartspace News Desk
•Source: Reuters
Photo by Jaime Dantas on Unsplash
TL;DR
The Saudi Power Procurement Company awarded five renewable energy projects, totaling 4.5 gigawatts, to international companies like Masdar, TotalEnergies, and EDF. Valued at over 9 billion riyals, the projects represent a major step in Saudi Arabia's efforts to expand its renewable energy generation capacity.
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Key takeaways
- The Saudi Power Procurement Company (SPPC) has awarded five renewable energy projects, totaling 4
- 5 gigawatts (GW), to international firms
- Valued at over 9 billion riyals (approximately $2
The Saudi Power Procurement Company (SPPC) has awarded five renewable energy projects, totaling 4.5 gigawatts (GW), to international firms. Valued at over 9 billion riyals (approximately $2.40 billion), these projects were secured by companies such as Masdar, TotalEnergies, and EDF. This investment represents a significant advancement in Saudi Arabia's energy diversification strategy, bolstering its renewable energy generation capacity.
Related Topics
Renewable EnergySaudi ArabiaMasdarTotalEnergiesEDFSPPCEnergy Projects
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