ACWA Power in partnership to build 2GW solar PV plant in Saudi Arabia

Facebook
Twitter
LinkedIn
Reddit
Email
ACWA Power’s 1.5GW Sudair project was previously the largest in Saudi Arabia. Image: ACWA Power.

Saudi Arabian energy developer ACWA Power and Badeel, a subsidiary of the Saudi Public Investment Fund (PIF) will partner to develop a 2,060MW solar PV project in the country’s Makkah province.

Expected to be operational by the end of 2025, the project will be jointly owned by Badeel and ACWA Power through the establishment of a new dedicated organisation, the Shuaibah Two Electrical Energy Company.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The announcement of the project also came with the signing of a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC). In March this year, the SPPC signed another PPA with ACWA Power, as well as one with Jinko Power, as part of the country’s aim to deploy 15GW of renewables projects in the next two years.  

“This marks a key achievement toward PIF’s commitment to develop 70% of Saudi Arabia’s renewable energy by 2030. Utilities and renewables is one of PIF’s priority sectors as part of its domestic strategy,” said Yazeed A. Al-Humied, deputy governor and head of MENA investments at PIF.

ACWA Power currently has five solar energy facilities in Saudi Arabia, one of which, the 1.5GW Sudair plant, was the largest Saudi Arabian solar installation before the announcement of the Al Shuaibah project. It is also under development in consortium with Badeel.

Read Next

July 8, 2025
The Chinese government has moved to curb excessive competition in the PV sector and stabilise pricing as companies report growing losses.
July 8, 2025
Bulgarian-headquartered solar engineering company Sunotec has acquired 100% of the project company, SIA DSE Lazas Solar, from Danish Sun Energy. 
July 8, 2025
Donald Trump has issued an executive order to tighten restrictions on renewable energy tax credits just days after signing his “One, Big Beautiful Bill” act into law, which significantly cut federal support for renewables.
July 8, 2025
SJVN Green Energy has commenced commercial operations of 100.02MW from its 1,000MW solar power project in Bikaner, Rajasthan.
Premium
July 8, 2025
In the latest NEM data spotlight, solar generation in Australia reached its yearly lowest month, while rooftop solar prices spiked to AU$225.57/MWh.
July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK