The Water and Electricity Holding Company (Badeel – a company wholly owned by the Public Investment Fund PIF) and Saudi Arabian developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide ACWA Power have signed power purchase agreements to develop a 2,060 MW solar photovoltaic (PV) plant in Al Shuaibah, Makkah province, Saudi Arabia.
The project is the largest facility of its kind in the Middle East to date and is expected to achieve commercial operation by Q4 2025.
Badeel and ACWA Power will build, own, and operate Al Shuaibah 2 facility and the electricity produced will be sold to SPPC. When complete, it will power 350,000 homes.
Shuaibah 2 is ACWA Power’s sixth solar energy facility in Saudi Arabia. In addition, the ACWA Power’s KSA portfolio comprises 13 power, water desalination and green hydrogen plants. Badeel and ACWA Power are also developing the Sudair Solar PV 1500 MW project; which was the first cornerstone renewable energy project in PIF’s programme.