(Energy Analytics Institute, 3.Dec.2024) — The consortium comprising TotalEnergies and Saudi developer Aljomaih Energy and Water Company (AEW) inked a 25-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) related to the 300 MW solar power project, Rabigh 2.
Rabigh 2 is part of Round 5 of the National Renewable Energy Program (NREP) which is supervised by the Ministry of Energy. The aim of the project is two-fold: to achieve an optimal energy mix for electricity production by cutting gas and renewable energy by 50% each by 2030 and to reduce dependence on liquid fuels in electricity generation in line with Saudi Vision 2030, the French energy giant announced 3 Dec. 2024 in an official statement.
The solar plant will be developed, built, owned and operated by the consortium with a connection to the grid planned in 2026, according to TotalEnergies.
The project demonstrates TotalEneriges’ ability to provide more energy with less emissions, while contributing to growth in electricity and renewable energy, TotalEnergies chairman and CEO Patrick Pouyanné said in the statement.
This renewable project is a new milestone for TotalEnergies in Saudi Arabia where TotalEnergies is currently building the 119 MW Wadi Al Dawasir solar power plant, which will start operation in early 2025, the French company said.
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