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July 14,2025

Saudi Arabia Signs $8.3B Mega Deal for 15 GW Renewable Energy

The Saudi Power Procurement Company (SPPC) has signed Power Purchase Agreements for seven renewable energy projects totaling 15,000 MW under the National Renewable Energy Program. The SAR31 billion ($8.3 billion) investment includes solar and wind projects developed by a consortium led by ACWA Power, Badeel, and Aramco Power.

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