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Saudi Power Procurement Company signs $1.16 billion contract for Battery Energy Storage System projects with Saudi Energy and Acwa Power.

Aug 22, 2026•about 4 hours ago

Contract Type

contract

Saudi ArabiaEnergyOil And GasRenewable Energy

Description

The Saudi Power Procurement Company has signed four storage service agreements for Battery Energy Storage System projects worth over $1.16 billion. A consortium comprising Saudi Energy, Acwa Power, and Al Sharif Contracting will develop three 500 MW facilities, enhancing grid stability and energy supply reliability.

Company Information

Company

Saudi Power Procurement Company

Location

Saudi Arabia

About

The Saudi Power Procurement Company, also known as SPPC, is a principal entity in Saudi Arabia responsible for purchasing and procuring electricity. It plays a crucial role in the country's energy market and facilitates investments in energy infrastructure. SPPC aims to enhance the reliability of electricity supply across the Kingdom.

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