Shuaibah 2 Solar PV Plant

Overview

Developing a 2,060 MW solar photovoltaic (PV) plant in Al Shuaibah, Makkah at a cost of SAR 6.562 billion. The project is a joint venture between Acwa Power Co. and The Water and Electricity Holding Co. (Badeel)

Project Information

Power and Water
  • Power and Utilities
6562.50 (Million Riyal) * Estimate:
2060 MW
Saudi Arabia
Mecca
-
Under Construction
2022
2025
  • In Q4 2022, the company announced the signing of an agreement with Badeel, a wholly owned company by the Public Investment Fund (PIF), to establish the plant at accost of $1.75 billion. Each company will hold a 50% equity stake through the establishment of " Shuaibah Two Electrical Energy Company", a joint venture company dedicated to the development of the project.
  • In Q4 2022, the company announced the signing of the power purchase agreement of the project with Saudi Power Procurement Co. (SPPC), expecting the plant to start commercial operations in Q4 2025.
-

Owners

Name
Percentage
Shuaibah Two Electrical Energy Company
100.00%

Related Parties

Name
Role
ACWA Power Company
Indirect Owner
Public Investment Fund
Indirect Owner
Water & Electricity Holding Company
Indirect Owner

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2023, Argaam Investment, All Rights Reserved
Call Request