EDF Power Solutions, SPIC HHDC and SAPCO consortium achieve financial close on 1,400MW Solar Power Projects in Saudi Arabia [Yahoo! Finance]
BANK OF CHINA UNSP/ADR (BACHY)
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Source: Yahoo! Finance
The plants are expected to start commercial operation in Q1 2027 and Q3 2027 respectively Located in Madinah and Hail provinces, the projects will rank among the world's largest solar developments, delivering energy to more than 240,000 households and displacing about 3 million tons of CO emissions annually RIYADH, Saudi Arabia Nov. 6, 2025 /PRNewswire/ -- A consortium led by EDF Power Solutions and SPIC Huanghe Hydropower Development Co., Ltd. (SPIC HHDC), in partnership with Saudi Aramco Power Company (SAPCO), a wholly owned subsidiary of Aramco, has achieved financial close on two landmark solar power projects in the Kingdom of Saudi Arabia. The projects, Al Masa'a Solar Power Plant (1,000 Megawatt (MW)) and Al Henakiyah-2 Solar Power Plant (400 MW), represent a combined installed capacity of 1,400 MW. Both plants are being developed under 25-year Power Purchase Agreements (PPAs) signed with the Saudi Power Procurement Company (SPPC), under which the consortium will be respons
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