Saudi Electricity Company Partners with EDF on Solar Project

Author: Evelyn Baker Updated: 10-29-2025 03:44 AM

A New Era of Renewable Energy in Saudi Arabia

In a significant move towards sustainable energy, the Saudi Electricity Company (SEC) has teamed up with EDF Power Solutions to develop a large-scale solar power project in Samtah. This collaboration is part of a broader initiative aimed at enhancing renewable energy capacity in the Kingdom.

Power Purchase Agreement Signed

Recently, the consortium formed by SEC and EDF Power Solutions signed a long-term Power Purchase Agreement (PPA) with the Saudi Power Procurement Company. This agreement lays the groundwork for the development of a state-of-the-art solar PV project, boasting an impressive capacity of 600 megawatts.

Significant Project Milestones

The Samtah Solar PV project is designed to deliver clean electricity to approximately 100,000 homes each year, contributing to significant reductions in carbon emissions. The project is set to avoid over 1.1 million tons of CO2 emissions annually, marking a substantial step for the region's environmental goals.

Development and Goals

The strategic development of the Samtah project reflects the Kingdom's commitment to achieving 50% of its electricity from renewable sources by 2030. The collaborative effort signifies a crucial milestone in Saudi Arabia’s National Renewable Energy Program, highlighting the importance of government and industry partnerships.

Local Economic Impact

Part of the consortium's strategy involves prioritizing local procurement, with significant portions of materials, equipment, and services sourced from Saudi companies. This initiative is expected to stimulate local industries, create job opportunities, and enhance national capabilities.

Leadership Remarks

Eng. Khalid bin Salem AlGhamdi, the CEO of the Saudi Electricity Company, expressed enthusiasm for the project, stating that this achievement represents a defining moment for the company. He emphasized the vital role SEC plays in supporting the Kingdom's energy transformation strategy, particularly under Vision 2030.

Commitment to Clean Energy

Omar Al-Daweesh, CEO KSA of EDF Group & EDF Power Solutions, reiterated the significance of this project in advancing Saudi Arabia’s clean energy ambitions. He noted that this partnership enhances EDF’s renewable energy capacity in the Kingdom to 4,100 megawatts, which reinforces their commitment to local value creation and sustainable development.

Conclusion

The signing of the Power Purchase Agreement for the Samtah Solar PV project marks a vital development in Saudi Arabia's pursuit of a diversified, low-carbon energy future. Through collaborative efforts, SEC and EDF are paving the way for a more sustainable tomorrow, effectively aligning with the Kingdom's long-term environmental and economic goals.

Frequently Asked Questions

What is the capacity of the Samtah Solar PV project?

The Samtah Solar PV project has a capacity of 600 megawatts.

How many homes will the project power?

The project is expected to deliver clean electricity to approximately 100,000 homes each year.

What is the environmental impact of the project?

The project will avoid over 1.1 million tons of CO2 emissions annually.

What is the significance of the Power Purchase Agreement?

The Power Purchase Agreement establishes a long-term framework for electricity supply and investment in renewable energy.

How does this project align with Saudi Arabia's Vision 2030?

This project supports the national objective of achieving around 50% of electricity from renewable sources by 2030.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.