TotalEnergies in partnership with Aljomaih Energy & Water Company (AEW) has secured the Rabigh 2 solar project in Saudi Arabia. The project has a capacity of 300 megawatts (MW) and is a key step in expanding renewable energy in the region.
Solar Project Targets 50% Renewable Energy by 2030
The initiative seeks to establish a balanced energy mix for electricity generation by 2030, with gas and renewable energy each accounting for 50%. The consortium will develop, construct, own and operate the solar project, aiming for grid connection by 2026.
“This new project is another example of our multi-energy strategy to accompany oil and gas-producing countries in their energy transition. This also demonstrates our ability to provide more energy with less emissions, while contributing to our electricity and renewable energy growth.” said Patrick Pouyanné, TotalEnergies chairman and CEO.
Consortium Signs 25-Year PPA Supporting Saudi Vision 2030
The consortium finalised a 25-year PPA with the Saudi Power Procurement Company (SPPC) during French President Emmanuel Macron's 2024 visit to the Kingdom, supporting Saudi Vision 2030's renewable energy objectives. The Rabigh 2 solar project is included in Round 5 of the National Renewable Energy Programme, which is overseen by the Ministry of Energy.
Ibrahim Al Jomaih, AEW chairman, highlighted the significance of the project. He emphasized AEW’s commitment to Saudi Arabia’s Green Initiative and Vision 2030. He also expressed gratitude to the SPPC for their trust and support.
“We are proud to lead the development of the 300MW Rabigh 2 solar project, together with TotalEnergies, highlighting our shared commitment towards supporting Saudi Arabia’s Green Initiative and Vision 2030.” said Ibrahim Al Jomaih, AEW chairman of the board of directors.
TotalEnergies Expands Renewable Energy in the Middle East
TotalEnergies is reaching a new milestone in Saudi Arabia with this solar project. The company is also building the 119MW Wadi Al Dawasir solar plant, slated to begin operations in early 2025. These initiatives highlight TotalEnergies’ dedication to growing its renewable energy presence in the region.
Additionally, TotalEnergies has joined forces with QatarEnergy to develop a 1.25 GW (peak) solar project in Iraq, thereby ensuring a strong partnership in advancing renewable energy. QatarEnergy will own a 50% stake in the solar project, with TotalEnergies holding the other half. The agreement is awaiting regulatory approval.
This project demonstrates Saudi Arabia’s dedication to sustainability. It also strengthens its position as a leader in renewable energy development in the Middle East. The involvement of TotalEnergies and AEW ensures expertise and commitment in achieving these ambitious energy goals