Saudi Power Procurement Company signs agreements for new solar energy projects with total capacity of 5,500 MW
DUBAI, June 26 (Reuters) -Saudi power procurement company (SPPC) has signed power purchase agreements for three new solar photovoltaic projects with ACWA Power Company and the Water & Electricity Holding Company Badeel, a wholly-owned subsidiary of the Public Investment Fund and Aramco Power with a total capacity of 5,500 megawatts, the Saudi energy ministry said on Wednesday.
Saudi Arabia will tender annually starting 2024 for new renewable energy projects with a total capacity of 20 gigawatts with the aim of reaching between 100 to 130 gigawatts by 2030, depending on the growth of electricity demand, the ministry said.
Reporting by Maha El Dahan; Writing by Tala Ramadan. Editing by Jane Merriman
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