- Seven utility-scale solar and wind projects will add 15 GW to Saudi Arabia’s grid, with financial close targeted for Q3 2025 and operations starting between late 2027 and early 2028.
- Backed by ACWA Power, Aramco’s SAPCO, and PIF-owned Badeel, the initiative reflects Saudi Arabia’s goal to achieve 70% of its renewable energy target through PIF by 2030.
- The $8.3 billion investment expands ACWA Power’s renewable portfolio in the Kingdom to 34 GW and supports Aramco’s net-zero ambitions and energy diversification.
In the presence of His Royal Highness Prince AbdulAziz bin Salman bin AbdulAziz Al Saud,
