Shandong Electric Power Construction, or Sepco for short, has secured the major contract for building the 300 MWac photovoltaic power plant in Rabigh, Saudi Arabia.
The Rabigh 2 is one of the major projects Saudi Arabia employs to diversify energy resources and, therefore, diminish the reliance on liquid fuels.
As discussed above, the transaction deal is a 300 MWac photovoltaic power plant. A 33kV/110kV booster station and a 110 kV overhead line will also be constructed as a substructure. Under the contract, the engineering, procurement and services of the 300MW solar power station is also included. These service requirements will be met by Sepco.
Supports National Policy
Saudi Arabia is undertaking the solar power station as part of Round 5 of the National Renewable Energy Program.
The NREP program intends to create an optimal energy mix for the production of power. The energy mix will include gas and renewable energy. Each of these sources will contribute approximately 50% by 2030, according to the plan.
The solar power station aligns with Saudi Vision 2030. The vision aims to reduce reliance on liquid fuels, while embracing cleaner energy sources.
Collaboration with Leading Partners
Earlier this month, a consortium comprising TotalEnergies and Saudi developer Aljomaih Energy and Water Company signed a 25-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC). This secures long-term stability for the solar plant and implies it will be contributing to the needs of the nation for generations.
Connection to the Grid Planned for 2026
The consortium will develop, construct, and own the plant after creating it. They will connect the solar power plant to the national grid in 2026.
The Rabigh 2 solar power station boosts Saudi Arabia’s journey towards energy transformation. With the new initiative, the kingdom will get closer to its energy targets. The initiative’s goal is to make a substantial contribution to guaranteeing a cleaner, better future.