[Energy Storage: Saudi Arabia's SPPC finalizes 2 GW/8 GWh battery storage portfolio worth over $1.16 billion]

Published: Aug 27, 2026 09:34

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Saudi Power Procurement Company (SPPC) has finalized four 15-year Storage Services Agreements covering a combined 2 GW/8 GWh of utility-scale battery storage, marking the first phase of the Kingdom's large-scale BESS programme. The four projects, each rated at 500 MW/2,000 MWh under a build-own-operate model, represent an investment of more than $1.16 billion. Three projects (Al Muwyah, Haden and Al Kahafa) went to a consortium of Saudi Energy, ACWA Power and Al Sharif, while the fourth, Al Khushaybi, was awarded to a consortium of France's Engie and Haji Abdullah Alireza & Co. Saudi Arabia targets 48 GWh of storage by 2030, with this portfolio representing about one-sixth of that goal.

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