The Saudi Power Procurement Company (SPPC) has announced plans to procure clean energy projects valued at $8.3 billion, in a major step toward advancing the Kingdom’s energy transition and Vision 2030 sustainability goals.
The investment will be directed toward a portfolio of renewable energy initiatives, including solar and wind projects, aimed at significantly increasing Saudi Arabia’s share of clean energy in its national power mix. According to SPPC, the procurement round is expected to add several gigawatts of renewable capacity to the grid over the next few years.
“This initiative reaffirms the Kingdom’s commitment to diversifying its energy sources, reducing carbon emissions, and creating a sustainable energy future,” said an SPPC spokesperson. 
The move comes as Saudi Arabia accelerates efforts to meet its target of generating 50% of its electricity from renewable sources by 2030. The country has already launched several large-scale projects under the National Renewable Energy Program (NREP), with backing from the Ministry of Energy and the Public Investment Fund (PIF).
Industry analysts see the $8.3 billion procurement as one of the most ambitious in the region, positioning Saudi Arabia as a serious player in global clean energy development while reducing its reliance on fossil fuels.
Details of the bidding process, timelines, and project locations are expected to be announced in the coming months.
This Article is published by Epic Click Travel & Tourism.
Epic Click Travel & Tourism is a professional travel agency based in Dubai.
Epic Click Travel & Tourism will handle everything for you from flights to hotels, including fast-track airport check-in, private car transfers, and visas.
To learn more about Epic Click Travel & Tourism, visit https://epicclicktravel.com.
You can also contact the company directly by email info@epicclicktravel.com and WhatsApp +971 52 427 5718
