Energy

Saudi Arabia has embarked on a significant renewable energy initiative with the launch of its first battery energy storage system (BESS) projects. This tender involves a substantial 2,000 MW/8,000 MWh capacity, distributed across four projects under a build-own-operate (BOO) model. The Saudi Power Procurement Company (SPPC) has outlined that these projects will be located strategically throughout the Kingdom. Two 500...

Jeddah-based Desert Technologies, known for its PV assembly line in Saudi Arabia with a capacity of 110 MW for high-efficiency PERC monocrystalline modules, has announced a significant expansion plan. The company aims to establish a 3GW solar cell manufacturing capacity and a 2GW PV module assembly unit, totaling a 5GW annual capacity. Although specific partners or technologies have not been...

Saudi Power Procurement Company (SPPC) is inviting bids for the construction of four battery energy storage system (BESS) projects, each designed to deliver 500MW of output and 2,000MWh of storage capacity. These projects will be awarded through 15-year Storage Services contracts under a build-own-operate (BOO) model, with bidders maintaining full ownership via special purpose vehicle (SPV) companies. This initiative is...

Saudi Arabia's SPPC Launches Battery Energy Storage Projects The Saudi Power Procurement Company (SPPC) has initiated the qualification process for its inaugural batch of Battery Energy Storage System (BESS) projects. These projects aim to provide a total capacity of 2000 megawatts (MW) with a discharge duration of 4 hours. Four projects have been identified for this phase: Al-Muwyah BESS in...

Saudi Arabia is undertaking the world's largest storage procurement process, aiming for 2 GW/8 GWh of storage capacity. In a significant move towards renewable energy, Saudi Arabia has set ambitious targets to enhance its generation capacity, aspiring to achieve net-zero carbon emissions by 2060. The Saudi Power Procurement Company's Initiative The Saudi Power Procurement Company (SPPC) is initiating the qualification...

Desert Technologies plans to establish a solar cell and module assembly plant in Saudi Arabia with a significant annual capacity of 5GW, split into 3GW for solar cells and 2GW for PV modules. The project, located in Jeddah’s Third Industrial City, represents an investment of SAR750 million (US$200 million) and spans 170,000 square meters. This initiative is part of a...

Saudi Arabia is set to enhance its solar energy capabilities through a significant investment by Desert Technologies. In collaboration with Modon, the company plans to establish a major solar panel and cell manufacturing complex in Jeddah. Desert Technologies will invest SAR 750 million to create this facility, which will be the largest of its kind in Saudi Arabia. The plant,...

AFC Energy, a leader in hydrogen power generation, has partnered with The Machinery Group LLC (TAMGO) to introduce its first 45kVA H-Power System in Saudi Arabia. This agreement marks a significant step in advancing zero-emission technologies in the region. The 45kVA H-Power System features AFC Energy’s latest S Series 30kW fuel cell generator, a 45kWh battery energy storage system, and...

Saudi Arabia's investment scene is witnessing significant developments as Hassana Investment Company forms major partnerships with EIG and Brookfield Asset Management. These collaborations emphasize commitments to energy transition and private equity investments in the region. Hassana, managing over $320 billion as the investment arm of Saudi Arabia's General Organization for Social Insurance, is considering a notable investment of up to...

Finland and Saudi Arabia have signed a memorandum of understanding (MoU) in Riyadh to foster collaboration in the energy sector, according to Finland's Ministry of Economic Affairs and Employment. This agreement seeks to boost technical and economic cooperation and improve the entry of Finnish companies into the Saudi market. The MoU was signed by Jarno Syrjälä from Finland on behalf...