Saudi Arabia Plans to Award 14 GW of Renewable Energy Projects in 2026

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Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Arabia is set to award around 14 gigawatts (GW) of new renewable energy capacity in 2026 as it accelerates progress toward its clean energy ambitions under Vision 2030. The planned awards will be made through the National Renewable Energy Program (NREP) and will include solar and wind projects under the Saudi Power Procurement Company's (SPPC) Round 7 tenders.

The Kingdom has emerged as a regional leader in renewable energy deployment, leveraging its vast solar irradiation and wind resources to rapidly diversify its power generation mix. Under Vision 2030, Saudi Arabia is targeting the development of up to 130 GW of renewable energy capacity by the end of the decade--one of the most ambitious clean energy goals in the Middle East.

SPPC, the state-owned entity responsible for electricity procurement, is central to this expansion. To date, it has signed power purchase agreements (PPAs) covering more than 47.7 GW of renewable capacity with a mix of regional and international developers. Several additional projects are currently in the tendering phase, with further PPAs expected to be concluded through 2026.

These developments reinforce Saudi Arabia's position as a hub for large-scale, low-cost renewable power in the Middle East and North Africa, supported by competitive auctions, strong government backing, and long-term policy certainty.

Industrial Info is tracking 65 renewable energy projects across Saudi Arabia, worth more than $51 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can view a detailed list of project reports.

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About Industrial Info Resources
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 250,000 current and future projects worth $30.2 Trillion (USD).