Saudi Arabia Awards 4.5 GW Renewable Projects: What It Means
The Saudi Power Procurement Company (SPPC) awarded five renewable-energy projects totalling 4.5 gigawatts (GW) of capacity, with a combined investment of over SAR 9 billion (approx. USD 2.4 billion). Reuters+2Mercomindia.com+2 This milestone demonstrates the momentum behind the K…
By
Sophie Aldridge
Published
Nov 4, 2025
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1 min
The Saudi Power Procurement Company (SPPC) awarded five renewable-energy projects totalling 4.5 gigawatts (GW) of capacity, with a combined investment of over SAR 9 billion (approx. USD 2.4 billion). Reuters+2Mercomindia.com+2 This milestone demonstrates the momentum behind the Kingdom of Saudi Arabia’s push to diversify its energy mix, strengthen its renewable infrastructure and reduce reliance on fossil fuels.
What exactly was awarded?
The allocation included four large solar PV projects and one wind power project. The recipients include major international renewable-energy companies (such as Masdar from the UAE) as well as French utility players such as EDF Renewables. Reuters+2meed.com+2
Why this is significant for Saudi Arabia and the GCC
Written by
Sophie Aldridge
Senior correspondent · Banking & Capital Markets
Sophie spent a decade on a debt capital markets desk before swapping the trade for the typewriter. She covers banks, regulators, and the underwriting decisions most readers never see. Sharpest on fixed income and balance-sheet stress; partial to central bankers who pick up the phone. Based in Riyadh. Reach out at sophie.aldridge@theplatinumcapital.com.
