Masdar Secures 2 GW Solar Projects in Saudi Arabia, Boosting Renewable Energy Capacity

Strategic Insights -

Masdar, a global clean energy leader, has been awarded two solar photovoltaic (PV) projects in the Kingdom of Saudi Arabia, with a combined capacity of 2 gigawatts (GW). The projects, part of the National Renewable Energy Program (NREP), will be developed on a build, own, and operate (BOO) basis, with a 25-year power purchase agreement (PPA) signed with the Saudi Power Procurement Company (SPPC). The projects are expected to contribute significantly to Saudi Arabia's Vision 2030 renewable energy targets.

Key Takeaways:

  • Masdar has been awarded two solar PV projects, with a combined capacity of 2 GW, under the sixth round of bidding in the Kingdom of Saudi Arabia's National Renewable Energy Program (NREP).
  • The projects, the 1,400 MW Najran plant and the 600 MW Ad Darb facility, will be developed on a BOO basis, with a 25-year PPA signed with SPPC.
  • The Ad Darb plant is expected to begin commercial operations in late 2027, with the Najran project starting commercial operations in the first half of 2028.
  • Masdar has secured the largest capacity in the highly competitive SPPC bidding for three consecutive years, with a total capacity of 43.2 GW awarded to date, and 12.3 GW already connected to the grid.
  • Masdar's operational portfolio in the Kingdom includes the 300 MW Jeddah Solar Power Plant and the 400 MW Dumat Al Jandal Wind Farm, Saudi Arabia's first wind project and the largest in the Middle East.
  • Masdar has a global project portfolio capacity of over 51 GW and is targeting a portfolio capacity of 100 GW by 2030.
  • Principal Buyer is conducting predevelopment studies, tendering power generation projects, and signing Power Purchase Agreements with project developers, with a strong track record in the region.
  • Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, emphasized the company's commitment to supporting Saudi Arabia's renewable energy targets and driving sustainable economic growth.

Statistics:

  • 2 GW solar PV projects awarded to Masdar in Saudi Arabia.
  • 1,400 MW Najran plant and 600 MW Ad Darb facility capacity.
  • 43.2 GW total capacity awarded by Principal Buyer to date.
  • 12.3 GW capacity already connected to the grid.
  • 51 GW global project portfolio capacity for Masdar.
  • 100 GW portfolio capacity target by 2030.

Sources:

  • Masdar's announcement, Riyadh, Kingdom of Saudi Arabia, October 2025.
  • mid-east.info, article, Riyadh, Kingdom of Saudi Arabia, October 2025.
  • Masdar's website, about page, 2025.