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Masdar, EDF Renewables, and Nesma Secure Power Purchase Agreement for 1100MW Al Henakiyah Solar Plant in Saudi Arabia

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Credit: Unsplash/APPA

Masdar, EDF Renewables, and Nesma have inked a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) to advance the ambitious 1100MW Al Henakiyah solar power plant. The estimated $1 billion project is poised to achieve financial closure in early 2024 and connect to the grid in 2025. The SPPC awarded the consortium

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