TotalEnergies and Aljomaih Energy & Water Company (AEW) have secured a 25-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for the 300 megawatt (MW) Rabigh 2 solar project in Saudi Arabia.
The project is a key part of the Kingdom’s National Renewable Energy Program (NREP) under Round 5, which aims to diversify the nation’s energy mix by achieving a 50% share of renewable and gas-fired power by 2030.
The Rabigh 2 project, scheduled for grid connection by 2026, aligns with the strategic objectives outlined in Saudi Arabia’s Vision 2030, which seeks to reduce the country’s dependence on liquid fuels for electricity generation.
The deal was finalized in the presence of President Emmanuel Macron during his visit to Saudi Arabia, alongside Prince Abdulaziz bin Salman, the Saudi Minister of Energy.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, said that the company is commitment to supporting Saudi Arabia’s energy transition by delivering cleaner energy solutions.
“This project is a testament to our multi-energy strategy, aimed at providing more energy with fewer emissions,” said Pouyanné, noting TotalEnergies’ deepening collaboration in Saudi’s energy sector through ventures such as the Satorp and Amiral refining projects.
Ibrahim Al Jomaih, Chairman of AEW, echoed this sentiment, adding that the company will leverage its local market expertise and global reach to support Saudi Arabia’s energy transition through strong partnerships.
“Our local expertise, coupled with TotalEnergies’ global reach, underscores our shared commitment to Vision 2030,” said Al Jomaih.
TotalEnergies is also expanding its footprint in the Kingdom, where it is currently developing the 119 MW Wadi Al Dawasir solar plant, expected to begin operations in early 2025.
The company aims to expand its renewable energy portfolio, with plans to reach 35 GW of installed capacity by 2025 and more than 100 TWh of net electricity production by 2030.
As part of its broader sustainability goals, TotalEnergies is working towards achieving net-zero emissions by 2050, with a focus on expanding its renewable and flexible power generation assets to deliver clean and reliable energy globally.
