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Released July 25, 2025 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Arabia has taken a major step forward in its ambitious Vision 2030 energy transformation, with an ACWA Power (Riyadh, Saudi, Arabia)-led consortium sealing a landmark US$8.3 billion agreement to deliver 15 gigawatts (GW) of new renewable energy capacity.
The consortium -- comprising ACWA Power, the Water and Electricity Holding Company (Badeel) (Riyadh), a subsidiary of the Public Investment Fund (PIF), and Saudi Aramco Power Company (SAPCO) (Dhahran, Saudi Arabia) -- will develop seven large-scale projects across the kingdom. The rollout includes five solar photovoltaic (PV) plants: Bisha and Humaij, each with 3 GW capacity, and Khulis, Afif1, and Afif2, each adding 2 GW. Two wind farms, Starah (2 GW) and Shaqra (1 GW), are also planned. Operations are expected to commence progressively from the second half of 2027 through early 2028.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports.
The deal expands the consortium's total renewable portfolio to an impressive 28.6 GW, covering key developments like Haden, Muwayh, Al Khushaybi, Sudair, Shuaibah, Ar Rass 2, Al Kahfah, and Saad 2. The projects support the PIF's mandate to supply 70% of Saudi Arabia's renewable energy capacity by 2030 -- a cornerstone of the kingdom's drive to diversify its energy mix and build a sustainable future.
Beyond boosting domestic clean power generation, the agreement signals a powerful commitment to economic diversification and environmental stewardship. It aligns with Saudi Arabia's wider goals of achieving carbon neutrality by 2030 and net-zero emissions by 2060. The ACWA Power, Badeel,and SAPCO partnership stands as a model for accelerating Saudi Arabia's green energy ambitions and positioning it as a global leader in renewable power.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
The consortium -- comprising ACWA Power, the Water and Electricity Holding Company (Badeel) (Riyadh), a subsidiary of the Public Investment Fund (PIF), and Saudi Aramco Power Company (SAPCO) (Dhahran, Saudi Arabia) -- will develop seven large-scale projects across the kingdom. The rollout includes five solar photovoltaic (PV) plants: Bisha and Humaij, each with 3 GW capacity, and Khulis, Afif1, and Afif2, each adding 2 GW. Two wind farms, Starah (2 GW) and Shaqra (1 GW), are also planned. Operations are expected to commence progressively from the second half of 2027 through early 2028.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports.
The deal expands the consortium's total renewable portfolio to an impressive 28.6 GW, covering key developments like Haden, Muwayh, Al Khushaybi, Sudair, Shuaibah, Ar Rass 2, Al Kahfah, and Saad 2. The projects support the PIF's mandate to supply 70% of Saudi Arabia's renewable energy capacity by 2030 -- a cornerstone of the kingdom's drive to diversify its energy mix and build a sustainable future.
Beyond boosting domestic clean power generation, the agreement signals a powerful commitment to economic diversification and environmental stewardship. It aligns with Saudi Arabia's wider goals of achieving carbon neutrality by 2030 and net-zero emissions by 2060. The ACWA Power, Badeel,and SAPCO partnership stands as a model for accelerating Saudi Arabia's green energy ambitions and positioning it as a global leader in renewable power.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
