With the official visit of French President Emmanuel Macron to Saudi Arabia, TotalEnergies and Aljomaih Energy & Water Company (AEW) have signed a key agreement with the Saudi Power Procurement Company (SPPC) for the development of the 300 MW Rabigh 2 solar project . This agreement, a 25-year power purchase agreement (PPA), marks a significant step forward in Saudi Arabia’s efforts to diversify its energy mix.
Rabigh 2 boosts Saudi Arabia’s energy transition
The Rabigh 2 project is part of Round 5 of the National Renewable Energy Program (NREP), which aims to improve the Kingdom’s energy mix. The Saudi Ministry of Energy oversees the program, which aims to achieve a balanced electricity production of 50% gas and renewable energy by 2030. The Rabigh 2 solar plant will be developed, built and operated by TotalEnergies and Aljomaih, with an estimated grid connection date of 2026.
This project reflects our ongoing commitment to Saudi Arabia’s energy transition and contributes to reducing emissions by providing more clean energy.
Commented Patrick Pouyanné, Chairman and CEO of TotalEnergies.
A strategic partner in Saudi Arabia
Already a major player in the Kingdom’s energy sector, TotalEnergies continues to expand its commitment to renewable projects. The company is currently developing a 119 MW solar plant in Wadi Al Dawasir , which will come into operation in 2025.
For its part, Aljomaih Energy & Water Company, one of the leading Saudi companies in the energy and water sector , has established itself as a key partner for the French company, combining its local expertise with the global reach of the French multinational.
This project is another example of our ability to contribute to Saudi Arabia’s Vision 2030 by supporting the Kingdom’s Green Initiative.
Afirmó Ibrahim Al Jomaih, presidente de Aljomaih Energy & Water Company.
Impact on the Kingdom’s energy vision
With the growing push towards renewable energy , Saudi Arabia is positioning itself as a leader in the region’s energy transition. Vision 2030, which seeks to reduce dependence on fossil fuels, is reinforced by such strategic projects. Through partnerships such as that of TotalEnergies and Aljomaih, the Kingdom is moving towards its goal of generating sustainable energy, reducing emissions and promoting clean energy.
Follow us on social networks and don’t miss any of our publications!
YouTube LinkedIn Facebook Instagram X TikTok
Source: TotalEnergies
Photo: Shutterstock
Loading...
