Energy

Saudi Power Procurement Company (SPPC) has finalized a power purchase agreement for the Yanbu wind Independent Power Plant, a 700-megawatt project in the Al-Medina Al-Munawwarah region, according to Zawya News Agency. The deal involves a consortium led by Japan’s Marubeni Corporation and Saudi Arabia’s Ajlan & Bros Holding. The project will be developed at a cost exceeding 1.7 billion Saudi...

Saudi Arabia’s ACWA Power is preparing for a major expansion in China’s renewable energy sector, focusing on solar, wind, green hydrogen, and desalination. According to the company, China is seen as a critical market, second only to Saudi Arabia, offering significant opportunities for long-term growth. Mohammad A. Abunayyan, Founder and Chairman of ACWA Power, announced at the Summer Davos meeting...

Hitachi Energy, in collaboration with Larsen & Toubro (L&T), will supply a 380 kV gas-insulated switchgear (GIS) to National Grid Saudi Arabia Company, the nation’s primary transmission operator. Saudi Arabia’s economic expansion has driven a sharp increase in electricity demand, making it one of the fastest-growing energy consumers in the Middle East and ranking as the 11th largest globally, according...

Saudi Arabia is advancing its largest renewable energy initiative, the 2.6 GW Al Shuaibah solar power plant, backed by significant financing. According to a press release, the project secured 8.3 billion Riyals ($2.2 billion) in funding, with 1.7 billion Riyals provided by the National Infrastructure Fund—marking its first investment in a project sponsored by Saudi Aramco. The Al Shuaibah plant...

Artificial intelligence is rapidly transforming the energy sector, driving a shift toward greater efficiency, sustainability, and cost control. According to KPMG’s Intelligent Energy report, energy companies are not just testing AI—they are scaling it across their operations to address challenges such as supply security, decarbonization, and expense management. The report highlights that 76% of surveyed energy leaders intend to increase...

Saudi Arabia has taken a major step toward sustainable transport with the introduction of public tariff pricing for electric vehicle (EV) charging stations by E-FILL, the national network operated by ASX E-Mobility, a subsidiary of AlSharif Group Holding, according to Zawya News Agency. EV drivers can now use E-FILL’s fast-charging stations at a standard rate of SAR 0.99 per kWh....

The International Atomic Energy Agency (IAEA) has completed its first Management Systems Advisory Service (IMSAS) mission in the Kingdom of Saudi Arabia, focusing on the development of a strong management system for the nation's emerging nuclear power sector, according to the IAEA. From 19 to 22 May 2025, a team of IAEA experts and international specialists visited Riyadh to assess...

Leading solar manufacturers secured approximately 15 GW in module sales and supply agreements at the SNEC 2025 PV Expo in Shanghai, reflecting robust global demand for advanced solar technology, according to industry sources. JinkoSolar finalized a 1.75 GW deal to supply n-type TOPCon modules for the fifth phase of the Saudi Power Procurement Company (SPPC) solar project, as reported by...

South Korea’s Export-Import Bank has committed $225 million in project financing for a major solar power plant in Saudi Arabia, marking the largest international solar venture led by a Korean company, according to the bank. The solar project, located in the Sadawi desert about 523 kilometers north of Riyadh, was awarded last November to a consortium headed by Masdar, a...

A recent study from King Fahd University of Petroleum and Minerals in Saudi Arabia evaluates how different solar technologies can lower the cost of producing green hydrogen. The research compared photovoltaic (PV), concentrated solar power (CSP), and hybrid PV-CSP systems, focusing on their technical, economic, and environmental impacts. According to the study, PV-powered electrolysis offers the lowest projected cost for...