Al-Jouf Agricultural to complete solar power deal with Engie by Q3 2026

Logo of Al-Jouf Agricultural Development Co.

Al-Jouf Agricultural Development Co. said work is underway on its solar power purchase project with French utility Engie, with completion expected in Q3 2026.

 

In a Tadawul statement today, Al-Jouf Agricultural said delays stemmed from its inclusion in the Ministry of Energy’s Liquid Fuel Displacement Program, which required design and technical changes to the project’s electrical connections to ensure compliance with program standards and grid requirements.

 

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In September 2023, Al-Jouf Agricultural signed a 25-year power purchase agreement with Engie, under which it will pay an average of SAR 2.9 million annually over the contract period, according to Argaam data.

 

The company had secured regulatory approval for the project in October 2024.

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