Acwa Power, the Water and Electricity Holding Company (Badeel), and Saudi Aramco Power Company (SAPCO) have signed power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development of seven large-scale renewable energy projects across Saudi Arabia. The programme includes two large-scale wind farms—Starah (2,000 MW) and Shaqra (1,000 MW)—both located in Riyadh province.
In addition to the wind projects, five solar photovoltaic (solar PV) plants will be built: Bisha (3,000 MW, Asir province), Humaij (3,000 MW, Madinah province), Khulis (2,000 MW, Makkah province), Afif 1 (2,000 MW, Riyadh province) and Afif 2 (2,000 MW, Riyadh province). The total combined capacity of the seven projects is 15,000 MW—3,000 MW from wind and 12,000 MW from solar. The projects represent a total investment of over $8.3 billion and will be jointly owned by Acwa Power, Badeel (a wholly owned company of the Public Investment Fund), and SAPCO (a subsidiary of Aramco). Financial close is expected in the third quarter of 2025, with commissioning scheduled between the second half of 2027 and the first half of 2028.
