Home » SPPC Signs 2 PPAs for 1,100 MW Wind Projects

SPPC Signs 2 PPAs for 1,100 MW Wind Projects

by Madaline Dunn

Saudi Power Procurement Company (SPPC) has announced the signing of two power purchase agreements (PPA) with a Marubeni Corporation-led consortium for a total of 1,100 megawatts (MW) of wind projects. This comes as part of Round 4 of the Saudi National Renewable Energy Program (NREP). 

The agreements, signed at the Saudi-Japan Vision 2030 Business Forum, will see the company procure power from AlGhat Wind Project (600 MW) and Wa’ad Alshamal Wind Project (500MW). 

The Saudi Press Agency reported that the Minister of Energy, His Royal Highness Prince Abdulaziz Bin Salman bin Abdulaziz Al Saud, said: “It is my pleasure to announce that AlGhat project achieved a new world record low cost of electricity production from wind power at 1.56558 cents/kWh (5.87094 halalas/kWh) Levelized Cost of Electricity (LCOE), and Wa’ad Alshamal project has also achieved a second world record low for wind power at 1.70187 cents/kWh (6.38201 halalas/kWh) LCOE.”

According to HRH, the electrcity produced from the wind projects is sufficient to power 257,000 residential units per year.

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