Riyadh wind and thermal energy storage project bidding

Will Saudi Arabia be able to deploy battery energy storage systems by 2030?

According to Saudi Energy Minister Prince Abdulaziz bin Salman, the nation has set a goal of deploying 48GWh of battery energy storage systems by 2030. This ambitious target not only supports Saudi Arabia's energy transition but also injects fresh momentum into the global renewable energy and energy storage markets.

Will Saudi Arabia host a gigawatt-hour battery storage facility?

In addition to public-private partnerships such as through SPPC, Saudi Arabia will host gigawatt-hour scale battery storage facilities to integrate renewable energy at major infrastructure projects such as the Red Sea Project coastal tourist destination. Image: Red Sea Global.

How many solar PV IPPs are there in Saudi Arabia?

The round five solar PV IPPs took the total capacity of publicly tendered renewable energy projects in Saudi Arabia to over 10,300MW. Solar PV IPPs account for 79%, or about 8,100MW, of the total capacity. Four wind IPPs account for the remaining capacity. SPPC is procuring 30% of the kingdom's target renewable energy installed capacity by 2030.

How many energy storage projects will a bidder sign with SPPC?

The selected bidders will sign 15-year energy storage service agreements with SPPC for four 500MW/2000MWh BESS projects. The bidders will retain 100% ownership of their special purpose vehicle (SPV) projects. The four upcoming energy storage projects, all identical in scale, are strategically located within Saudi Arabia.

Who owns Al Shuaibah 1 & 2 solar projects in Saudi Arabia?

In July, ACWA Power, a Saudi energy company, secured $2.2 billion for the 2,060 MW Al Shuaibah 1 and 2 solar projects with a 35% equity stake, supporting Saudi Arabia’s aim to generate 15.1 TWh of renewable energy annually by 2024.

Is Saudi power procurement Company (SPPC) a prequalified bidder?

According to foreign media reports, the Saudi Power Procurement Company (SPPC) has officially announced the list of prequalified bidders for its first battery energy storage system (BESS) procurement.