Masdar Awarded 2 GW of Solar Projects in Saudi Arabia’s Latest Renewable Energy Tender

Abu Dhabi Future Energy Company PJSC – Masdar, a global leader in clean energy, has announced that it has been awarded two solar photovoltaic (PV) projects with a combined capacity of 2 gigawatts (GW) under the sixth round of the Kingdom of Saudi Arabia’s National Renewable Energy Program (NREP).

The Independent Power Producer (IPP) projects comprise the 1,400-megawatt (MW) Najran solar plant and the 600 MW Ad Darb facility. Both will be developed on a build, own, and operate (BOO) basis, following the signing of 25-year power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC).

The Ad Darb project, located in Jizan Province, is expected to achieve commercial operations in late 2027, while the Najran project, situated in Najran Province, is scheduled to begin operations in the first half of 2028.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, “Masdar is proud to support Saudi Arabia to achieve its Vision 2030 renewable energy targets. Winning the Najran and Ad Darb projects marks a significant expansion of our Saudi portfolio, and is testament to our two decades of experience in developing and operating utility-scale renewable projects, and our strong track record in the region. We look forward to develop these projects and contribute to the Kingdom’s sustainable economic growth.”