Energy giants secure record-breaking Saudi solar plant deal
Masdar, EDF Renewables and Nesma Renewable Energy have secured a PPA for the 1,1GW Al Henakiyah Solar Plant in Saudi Arabia, one of the planet’s largest single-site solar projects
A consortium comprising energy companies Masdar, EDF Renewables and Nesma Company has sealed a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company to develop the 1,100MW Al Henakiyah solar power plant.
Situated in the Al Madinah province, this project is poised to become one of the largest single-site solar facilities globally.
Once operational, it is projected to power over 190,000 homes annually.
The estimated cost of this project is approximately $1 billion (£810m).
Financial closure for the Al Henakiyah Plant is expected in early 2024, with grid connection slated for 2025.
The Al Henakiyah Solar Plant is set to be one of the world’s largest single-site solar facilities, boasting an impressive capacity of 1,100 megawatts (MW).
Located in the sun-soaked Al Madinah province of Saudi Arabia, the plant strategically capitalizes on the region’s abundant sunlight for efficient solar energy generation.
This ambitious undertaking reflects a significant step towards enhancing the region’s renewable energy infrastructure and emphasizes a commitment to clean energy practices.
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