Masdar Secures 2GW Solar Projects in Saudi Arabia with 25-Year PPA

Masdar, an Abu Dhabi-based clean energy company, has been awarded two major solar photovoltaic projects in Saudi Arabia with a combined capacity of 2 gigawatts under the sixth round of the Kingdom's National Renewable Energy Program (NREP). The projects include the 1,400MW Najran plant and the 600MW Ad Darb facility, both developed on a build, own, and operate basis with 25-year power purchase agreements signed with the Saudi Power Procurement Company. The Ad Darb plant in Jizan Province is set to start operations in late 2027, followed by the Najran project in early 2028. Masdar's CEO Mohamed Jameel Al Ramahi emphasized the company’s commitment to supporting Saudi Arabia’s Vision 2030 renewable energy targets and highlighted Masdar's strong track record and portfolio expansion in the region. Masdar has secured the largest capacity in SPPC bidding for three consecutive years, with other projects including the 1,100MW Al Henakiyah and 2,000MW Al Sadawi solar plants expected to come online soon. Additionally, Masdar has begun construction of a massive 5.2GW solar-plus-storage project in Abu Dhabi, featuring a 19GWh battery system, to provide round-the-clock baseload energy by 2027, showcasing cutting-edge technologies such as AI-enhanced dispatch and grid-forming capabilities.