Saudi Arabia and the Republic of Türkiye have entered into an intergovernmental agreement covering renewable energy projects. The agreement was executed by the Ministry of Energy of Saudi Arabia and the Ministry of Energy and Natural Resources of Türkiye. It provides for the development of solar projects in Türkiye with a total installed capacity of up to 5,000 MW, to be implemented in two phases.
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The state-owned power utility, Saudi Electricity Company (SEC), has completed the grid connection of a 7.8 GWh battery energy storage system (BESS) project across three sites in south-western Saudi Arabia. These projects comprise three BESS installations of 2.6 GWh each, located in Najran, Khamis Mushait, and Madaya. The BESS project is owned by SEC, with its subsidiary National Grid SA acting as the offtaker.
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Nextpower and Abunayyan Holding have completed the incorporation of their joint venture (JV), Nextpower Arabia, headquartered in Riyadh, Saudi Arabia. The JV has been established to support the deployment of utility-scale solar projects across the Middle East and North Africa region. Additionally, the partners have announced a new advanced manufacturing facility in Jeddah that will be operational in the second quarter of 2026.
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ACWA Power and Bapco Energies have entered into a joint development agreement to collaborate on the development of a solar project integrated with a battery energy storage system in Saudi Arabia’s Eastern Province. The arrangement outlines cooperation between the two companies to jointly develop the project through multiple phases, with the planned generation capacity expected to reach up to 2.8 GW.
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ACWA Power, together with Water and Electricity Holding Company (Badeel), a wholly owned company of PIF, and Saudi Aramco Power Company (SAPCO), has completed the financing process for seven large-scale renewable energy projects in Saudi Arabia. The projects will be jointly owned by ACWA Power, Badeel, and SAPCO, with the Saudi Power Procurement Company serving as the procurer as well as the offtaker.
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The consortium consisting of TotalEnergies, Toyota Tsusho, and Altaaqa Renewable Energy has commenced commercial operations of its 112 MW solar project located in Wadi Ad-Dawasir, Saudi Arabia. The facility was constructed by SEPCO, a subsidiary of Power China, and achieved commissioning in July 2025. The generated power is being delivered to the Saudi Power Procurement Company under a power purchase agreement.
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Hygreen Energy has announced the establishment of the Middle East Electrolysers Company, a joint venture (JV) company with the Green Electrodes Consortium for Industry (GECI). The JV company will be based in the Eastern Province of Saudi Arabia, and aims to localise manufacturing and deployment of electrolyser systems in the country. The JV is intended to meet rising demand for electrolyser technologies in Saudi Arabia.
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Saudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects under the sixth phase of the National Renewable Energy Programme, with a cumulative capacity of 4.5 GW. The awarded projects include one wind and four solar projects, with total investments exceeding $2.4 billion. SPPC will oversee predevelopment studies, tendering, and power purchase agreements for the projects.
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The Public Establishment for Transmission and Distribution of Electricity (PE-TDE) of Syria has signed a MoU with the Saudi companies Al-Harfi and Sakalko to develop solar and wind projects. These projects will have a cumulative capacity of up to 500 MW. Additionally, the PE-TDE signed a power purchase agreement (PPA) with the Syrian-Turkish company Syrian-Turkish Energy Company to procure 100 MW of solar power.
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ACWA Power has signed a MoU with Larsen & Toubro’s (L&T) renewables division for the renewables and grid scope of the Yanbu green ammonia project in Saudi Arabia. The Yanbu project is being developed as a fully integrated hub with captive renewable electricity generation based entirely on solar and wind energy. The MoU outlines cooperation to develop the design, configuration, and performance requirements for both components.
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Saudi Power Procurement Company (SPPC) has issued a request for qualification (RFQ) for the seventh round of solar and wind projects under the National Renewable Energy Program (NREP) led by the Ministry of Energy. The round covers a total capacity of 5,300 MW, comprising four solar photovoltaic projects and two wind projects across different regions of the country.
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Masdar, along with GD Power and Korea Electric Power Corporation, has achieved financial close for the 2 GW Al Sadawi solar photovoltaic project in Saudi Arabia. The project has secured financing facilities with eight regional and international lenders, consisting of Standard Chartered Bank, KEXIM, ADCB, BNP Paribas, ADIB, Bank of China, HSBC, and Société Générale.
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ACWA Power has inked agreements and memoranda of understanding (MoUs) with international partners. The agreements aim to create a green hydrogen and renewable energy export value chain between Saudi Arabia and Europe. A multi-party MoU was signed by ACWA Power with several European companies. The companies included Italy’s Edison S.p.A. and Zhero Europe B.V., France’s TotalEnergies Renewables SAS, and Germany’s EnBW.
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ACWA Power, in partnership with Badeel and SAPCO, has entered into PPAs with the Saudi Power Procurement Company (SPPC) for the development of seven utility-scale renewable energy projects. These include five solar photovoltaic (PV) plants and two wind power projects, with a cumulative generation capacity of 15 GW. The projects, with an estimated investment of $8.3 billion, are planned to add 12 GW of solar PV and 3 GW of wind energy.
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GameChange Solar has expanded its regional manufacturing capacity in the Kingdom of Saudi Arabia to 6 GW annually. The expansion is anticipated to be completed by September 2025. The facility will continue producing GameChange Solar’s advanced Genius Tracker systems for utility-scale projects. The expansion strengthens GameChange Solar’s ability to supply high-quality tracker systems for projects across Saudi Arabia, in compliance with local sourcing mandates.
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BYD Energy Storage and Saudi Electricity Company have inked 12.5 GWh of grid-scale energy storage project contracts. This new contract along with a previously delivered 2.6 GWh project combines to a total of 15.1 GWh of projects between the two companies. The battery energy storage system (BESS) equipment for the projects will be deployed across five sites in the country. Furthermore, BYD Energy Storage will supply MC Cube-T ESS that adopt cell-to-system (CTS) super-integrated technology.
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ACWA Power has inked a memorandum of understanding (MoU) with SEFE. The partnership aims to produce and deliver green hydrogen to Europe and strengthen energy cooperation between Saudi Arabia and Germany. Under this agreement, the two companies will establish a hydrogen bridge between Saudi Arabia and Germany, with an initial target of supplying 200,000 tonnes of green hydrogen annually by 2030.
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ACWA Power has inked a memorandum of understanding (MoU) with Snam to explore potential collaboration and joint investments. This partnership aims to establish a green hydrogen supply chain from Saudi Arabia to Europe. This international supply chain will be dependable and cost-effective. Furthermore, this partnership includes plans to evaluate the development of an ammonia import terminal in Italy to support the delivery of green hydrogen.
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Hithium Energy Storage Technology Co. and MANAT announced the formation of their joint venture (JV). This collaboration aims to combine Hithium’s expertise in energy storage with MANAT’s local insights to better serve the Saudi Arabian market. The joint venture plans to establish Battery Energy Storage System (BESS) manufacturing facilities in Saudi Arabia, with a targeted annual production capacity of 5 GWh.
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The Saudi Power Procurement Company (SPPC) has inked power purchase agreements (PPAs) for three solar photovoltaic (PV) projects totaling 5.5 GW in Saudi Arabia. The agreements were signed with a consortium of Acwa Power, Badeel, and Aramco Power. These projects include Haden Solar PV and Al-Muwaih Solar PV, each with a capacity of 2000 MW and located in Makkah Province, as well as Al-Khushaybi PV in Qassim Province, which has a capacity of 1500 MW.
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