Saudi Arabia: TotalEnergies and Aljomaih Energy & Water Company Awarded 300 MW Solar Project
TotalEnergies and Aljomaih Energy and Water Company have signed a 25-year Power Purchase Agreement with Saudi Power Procurement Company for a 300 MW solar power project called Rabigh 2. The project, part of Saudi Arabia's National Renewable Energy Program Round 5, aims to achieve a 50-50 mix of gas and renewable energy for electricity production by 2030. The solar plant will be connected to the grid in 2026. This follows TotalEnergies' ongoing construction of the 119 MW Wadi Al Dawasir solar plant, set to operate in early 2025. The company aims to reach 35 GW of renewable electricity capacity by 2025.
TotalEnergies e Aljomaih Energy and Water Company hanno firmato un contratto di acquisto di energia della durata di 25 anni con la Saudi Power Procurement Company per un progetto solare da 300 MW chiamato Rabigh 2. Il progetto, parte del Programma Nazionale per le Energie Rinnovabili dell'Arabia Saudita, Round 5, mira a raggiungere un mix del 50-50 tra gas ed energie rinnovabili per la produzione di elettricità entro il 2030. L'impianto solare sarà collegato alla rete nel 2026. Questo segue la costruzione in corso da parte di TotalEnergies dell'impianto solare da 119 MW di Wadi Al Dawasir, previsto per entrare in funzione all'inizio del 2025. L'azienda punta a raggiungere una capacità di elettricità rinnovabile di 35 GW entro il 2025.
TotalEnergies y Aljomaih Energy and Water Company han firmado un contrato de compra de energía por 25 años con la Saudi Power Procurement Company para un proyecto solar de 300 MW llamado Rabigh 2. El proyecto, parte del Programa Nacional de Energías Renovables de Arabia Saudita, Ronda 5, tiene como objetivo lograr una mezcla del 50-50 entre gas y energías renovables para la producción de electricidad para 2030. La planta solar se conectará a la red en 2026. Esto sigue a la construcción en curso de TotalEnergies de la planta solar de 119 MW en Wadi Al Dawasir, que comenzará a operar a principios de 2025. La empresa tiene como objetivo alcanzar una capacidad de electricidad renovable de 35 GW para 2025.
TotalEnergies와 Aljomaih Energy and Water Company가 300 MW 태양광 발전 프로젝트인 Rabigh 2를 위해 Saudi Power Procurement Company와 25년 전력 구매 계약을 체결했습니다. 이 프로젝트는 사우디아라비아의 국가 재생 에너지 프로그램 5차 공모의 일환으로, 2030년까지 전기 생산을 위해 가스와 재생 에너지를 50-50 비율로 혼합하는 것을 목표로 하고 있습니다. 태양광 발전소는 2026년에 전력망에 연결될 예정입니다. 이는 TotalEnergies가 2025년 초 가동 예정인 119 MW Wadi Al Dawasir 태양광 발전소를 현재 건설 중인 것에 따른 것입니다. 이 회사는 2025년까지 35 GW의 재생 가능 전력 용량에 도달하는 것을 목표로 하고 있습니다.
TotalEnergies et Aljomaih Energy and Water Company ont signé un contrat d'achat d'électricité de 25 ans avec la Saudi Power Procurement Company pour un projet solaire de 300 MW appelé Rabigh 2. Le projet, qui fait partie de la Cinquième Runde du Programme National des Énergies Renouvelables d'Arabie Saoudite, vise à atteindre un mix de 50 % de gaz et 50 % d'énergie renouvelable pour la production d'électricité d'ici 2030. La centrale solaire sera raccordée au réseau en 2026. Cela fait suite à la construction en cours par TotalEnergies de la centrale solaire de 119 MW à Wadi Al Dawasir, qui devrait entrer en service début 2025. L'entreprise vise à atteindre une capacité de 35 GW d'électricité renouvelable d'ici 2025.
TotalEnergies und Aljomaih Energy and Water Company haben einen 25-jährigen Stromabnahmevertrag mit der Saudi Power Procurement Company für ein 300 MW Solarstromprojekt namens Rabigh 2 unterzeichnet. Das Projekt, Teil des nationalen Programms für erneuerbare Energien Saudi-Arabiens, Runde 5, zielt darauf ab, bis 2030 eine Mischung aus 50 % Gas und 50 % erneuerbarer Energie für die Stromproduktion zu erreichen. Das Solarwerk wird 2026 ans Netz angeschlossen. Dies folgt der laufenden Konstruktion des 119 MW Solarwerks in Wadi Al Dawasir durch TotalEnergies, das Anfang 2025 in Betrieb genommen werden soll. Das Unternehmen strebt an, bis 2025 eine Kapazität von 35 GW an erneuerbarer Energie zu erreichen.
- Secured 25-year Power Purchase Agreement for 300 MW solar project
- Project aligned with Saudi Arabia's 2030 renewable energy goals
- Expanding renewable portfolio in Saudi Arabia with second major solar project
- Company on track for 35 GW renewable electricity capacity target by 2025
- None.
Insights
The 300 MW Rabigh 2 solar project represents a significant strategic expansion in Saudi Arabia's renewable energy sector. The 25-year PPA provides stable, long-term revenue visibility and aligns with Saudi Arabia's Vision 2030 goal of achieving a 50-50 split between gas and renewables in electricity production. For TotalEnergies, this project strengthens their position in Saudi Arabia's energy transition landscape, complementing their existing 119 MW Wadi Al Dawasir plant.
The project enhances TotalEnergies' renewable portfolio, contributing to their target of 35 GW capacity by 2025. Currently at 22 GW, this expansion demonstrates strong execution of their clean energy strategy. The partnership with local developer Aljomaih Energy provides important market access and operational expertise, potentially leading to future collaboration opportunities in the region's growing renewable sector.
On the occasion of the visit of the President of the French Republic Emmanuel Macron to the
This project is part of Round 5 of the National Renewable Energy Program (NREP) which is supervised by the Ministry of Energy aiming to achieve an optimal energy mix for electricity production by having gas and renewable energy at approximately
“Together with our partner Aljomaih Energy and Water Company, we are thrilled to contribute to
"We are proud to lead the development of the 300MW Rabigh 2 solar project, together with TotalEnergies, highlighting our shared commitment towards supporting
This renewable project is a new milestone for TotalEnergies in
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TotalEnergies and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the end of 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 22 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
About Aljomaih Energy & Water Company
Established in 2007, Aljomaih Energy & Water is a leading Saudi investor, developer and operator of utilities and infrastructure projects with a global presence, and assets portfolio of 10 GW of Power projects and 700,000m3/day of Water projects across the
Aljomaih Energy & Water is a subsidiary of Aljomaih Holding Company, a diversified conglomerate with a legacy spanning nearly 90 years, acting as a major player across key sectors including Investment & Joint Ventures, Automotive & Equipment, Financial Services, Consumer Goods, Energy & Water and Real Estate.
With four local and overseas offices and a rapidly expanding team of specialists, Aljomaih Energy & Water Company contributes to accelerating its mission to support the economic and social advancement of communities through the delivery of vital high-quality, sustainable energy and water projects.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
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FAQ
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