Masdar wins bid to develop 1,100MW solar plant in Saudi Arabia ...United Arab Emirates

Saudi Power Procurement Company (SPPC) has announced that a consortium of global clean energy leaders – Abu Dhabi Future Energy Company (Masdar), French utility major EDF Renewables and Saudi infrastructure specialist Nesma Company – has won the bid to develop a 1,100 MW solar power plant at Madinah in Saudi Arabia. The Al Henakiyah Solar Plant, which is being set up at a total investment of US $1bn, is expected to reach financial close early next year and connect to the grid in 2025. Once operational, the Al Henakiyah Solar Plant is expected to power more than 190,000 homes per year in the Saudi city and displace more than 1.8m tonnes of carbon dioxide annually. It will help achieve the tar

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