Sponsored by the Saudi Arabia’s Ministry of Energy, and as part of the efforts by the Saudi Power Procurement Company (SPPC) and Nabah Renewable Energy Company- jointly owned by ACWA Power, PIF subsidiary ‘Badeel’, and Saudi Aramco Power Company (SAPCO), a Solar PV Purchase agreement was signed among the firms Larsen & Toubro, Jinko Solar and Neway Energy (NPT).
The agreement aims to install 20% of the locally manufactured PV panels for Al-Khushaybi Project. The agreement further Promote localization & local content in the renewable energy sector and Empower national manufacturers & ensure sustainable supply chain.
Earlier during June 2024, Saudi Power Procurement Company (SPPC) signed Power Purchase Agreements (PPA) for three new solar photovoltaic projects including Al-Khushaybi Project.
The Project is located in Qassim Province, central region of Saudi Arabia. Once commissioned, the plant will have a total capacity of 1,500 MW.
Related: Saudi Arabia signs Agreements for 5,500 MW Solar PV Projects
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