Project

Al Sadawi Solar PV IPP

Saudi ArabiaEnergy Infrastructure, Renewable Energy, Solar Energy, Power GenerationReviewed 6 September 2026

Utility-scale 2 GW solar PV independent power project reaching financial close on 19 August 2025, supporting construction under a 25-year PPA. Physical construction progress and commercial operation date remain unverified. Sponsor consortium: Masdar (Abu Dhabi Future Energy Company) / Korea Electric Power Corporation (KEPCO) / GD Power (China) — confirms non-Saudi-domiciled sponsor treatment is accurate. Procured via SPPC's National Renewable Energy Program under a Build-Own-Operate model; 25-year PPA with SPPC.

Status

Under ConstructionStatus
Procurement CompletedProcurement Status

Value

USD 1.1 billionInvestment Value

Scale & Capacity

2 GWInstalled Capacity

Overview

Location
Eastern Province, Saudi Arabia
Delivery Model
Build-Own-Operate (BOO), procured via SPPC National Renewable Energy Program.
Revenue / Payment Model
25-year Power Purchase Agreement with Saudi Power Procurement Company (SPPC).
Scale / Scope
Utility-scale 2 GW solar PV IPP; approximately USD 1.1 billion in project financing disclosed (Company-reported).

Participants & Roles

Sponsor / Developer

Procuring Authority

Offtaker / Revenue Counterparty

Sources