• En
    • ع
Friday, October 31, 2025
Daleel News
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
Daleel News
  • En
    • ع

ACWA Power’s 600 MW Solar Project Launch

Saudi Arabia's renewable energy ambitions take a leap forward.

by Huda Marshad
November 15, 2024
in Energy
Copy Link شارك على فيسبوكشارك على تويتر

Saudi Arabia’s energy firm, ACWA Power, has launched the 600 MW Al Shuaibah PV 1 solar project in Makkah. This development received its Commercial Operation Certificate from the Saudi Power Procurement Company (SPPC), confirming its full operational capacity.

The ownership of the Al Shuaibah project is divided among ACWA Power (35.01%), Badeel (34.99%), and SAPCO (30%), with SPPC acting as the procurer. In August 2023, ACWA Power announced the financial closure of both Al Shuaibah PV 1 and the 2,031 MW Al Shuaibah PV 2 projects, with a combined investment of USD$2.37 billion.

In October 2024, ACWA Power, alongside partners Badeel and SAPCO, finalized financial agreements for three solar projects in Saudi Arabia, totaling 5.5 GW and valued at SAR12 billion (US$3.2 billion). These include the 2 GW Haden, 2 GW Muwayh, and 1.5 GW Al Khushaybi projects, set in Makkah and Qassim. These solar parks are scheduled to begin operations in early 2027, supplying energy to SPPC.

As of the end of 2023, solar power constituted 2.5% of Saudi Arabia’s total capacity, amounting to 2.3 GW, and less than 1% of its electricity generation. The nation aims to achieve 50% renewable energy in its power mix by 2030 and reach net-zero emissions by 2060.

Tags: ACWA PowerAl ShuaibahRenewable EnergySaudi ArabiaSolar Energy
Copy Link ShareShareTweetSend

Related Posts

Solar Power Project at Maaden Bauxite and Alumina Company
Energy

Samtah Solar PPA: 600 MW deal powers Saudi push

October 30, 2025
KEPCO wins Saudi wind project in 4.5 GW awards
Energy

KEPCO wins Saudi wind project in 4.5 GW awards

October 29, 2025
Energy

Hydrogen Arabia: Saudi Summit Powers Clean Energy

October 27, 2025
Energy

CoMotion Global 2025: Riyadh’s Mobility Showcase

October 26, 2025
Energy

Nextracker Arabia to boost Saudi solar buildout

October 24, 2025
Energy

Uzbekistan renewable energy ties with Saudi Arabia deepen

October 22, 2025

Recommended News

Nissan-PIF Partnership: A New Chapter in Auto Industry

Nissan-PIF Partnership: A New Chapter in Auto Industry

April 21, 2025

Green Hydrogen Project in Yanbu: ACWA Power’s Ambitious Plan

August 3, 2025

AI Infrastructure in Saudi Arabia: Blaize & TCC Partnership

September 23, 2025

Browse by Categories

  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain

Browse by Topics

Battery Energy Storage clean energy digital transformation Economic Diversification Economic Growth Electric Vehicles Energy Efficiency Energy Storage energy transition Exploration Licenses foreign investment Global Logistics Forum green hydrogen Industry 4.0 Innovation Investment JinkoSolar Joint Venture Logistics Hub Manufacturing Mineral Resources Mining Industry Mining Investment mining sector NEOM Renewable Energy Saudi Arabia Saudi Arabia Logistics Saudi Arabia Mining Saudi Vision 2030 Solar Energy Solar Power solar projects supply chain Sustainability Sustainable Development sustainable energy Vision 2030 wind power استثمار الخدمات اللوجستية في السعودية السعودية السيارات الكهربائية تخزين الطاقة بالبطاريات سلسلة التوريد

Follow Us

Follow us on social media:
Recent News
Recent Posts
  • Samtah Solar PPA: 600 MW deal powers Saudi push
  • KEPCO wins Saudi wind project in 4.5 GW awards
  • Korea-Saudi industrial cooperation under Vision 2030
Categories
Categories
  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain
Newsletter
Subscribe to our mailing list to receives daily updates direct to your inbox!
All rights reserved for the National Industrial Development and Logistics Program
  • Home
  • Privacy Policy
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
  • Privacy Policy

All rights reserved for the National Industrial Development and Logistics Program