Masdar wins bid for $1 billion solar plant in Saudi Arabia

November 08, 2023

Abu Dhabi state-owned renewable energy firm Masdar, along with two other companies, has won a bid to develop and operate a $1 billion solar plant in Saudi Arabia.

The consortium of the UAE firm, France’s EDF Renewables and Saudi conglomerate Nesma Company has signed a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) to develop, build and operate the 1,100-megawatt facility that will power more than 190,000 homes a year, according to a statement.

Read the original article in Zawya: Abu Dhabi’s Masdar consortium wins bid for $1 billion solar plant in Saudi