Masdar, EDF Renewables and Nesma to develop 1100MW solar power plant in Asia

Masdar, EDF Renewables and Nesma are all set to develop the 1100MW solar power plant in Asia. It will be one of the world’s largest single-site solar plants.

The companies have already signed a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) for the same. The 1100MW Al Henakiyah solar power plant will be located in Al Madinah province in Saudi Arabia.

The project will be developed, built, owned and operated by the consortium as part of a 25-year agreement.

According to the companies, the project is expected to have investment of $1 billion. It has been planned to connect the project to the grid in 2025 and expected to boost the local economy.

The companies shared that the Al Henakiyah Solar Plant will “help to achieve the target of increasing the share of the renewables in the country’s energy mix to around 50% by 2030.”

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, was quoted in a statement, “Masdar is proud to have won the bid to develop the 1100MW Al Henakiyah Solar Plant, further strengthening our partnership with Saudi Arabia.”

He further stated, “The Kingdom is a key strategic market for Masdar, and we are committed to supporting the Ministry of Energy and the SPPC achieve the targets set out under Vision 2030 and the Saudi Green Initiative, as the country accelerates its green transition toward net zero emissions by 2060.”

The companies informed that the project would prioritize work force and resources of Saudi Arabia in both the construction and operation phase.