EPC
Engineering, procurement and construction delivered for a third-party owner.
Powering Saudi Arabia's sustainable future
A large-scale renewable initiative spanning solar generation, EPC, IPP and O&M, aligned with Vision 2030.
USD 22B
Renewable energy budget
130 GW
Renewable target by 2030
20 GW
Annual addition target
25+ Years
Project lifetime
USD 270B
Low-carbon energy investment by 2030
278 Million Tons
CO2 reduction target by 2030
366 TWh
Projected electricity demand by 2030
50%
Renewable share of the 2030 energy mix
One hundred megawatts outside Jeddah
The indicative first build is a 100 MW plant on roughly 500,000 square metres, sited where irradiance runs near 5.8 kWh per square metre per day. It connects on-grid through SEC, or off-grid with storage. Total project cost lands between USD 55 and 75 million, and it removes about 60,000 tons of CO2 a year.
5.8 kWh/m2
Daily solar irradiance
Indicative economics
What the first plant costs and returns
USD 55-75M
Total project cost
6-8 Years
Payback period
60,000 Tons
CO2 removed annually
USD 0.02-0.03
Indicative PPA tariff per kWh
Full breakdown
- Solar PV system
- USD 40-50M
- Land acquisition or lease
- USD 2-5M
- EPC and installation
- USD 10-15M
- Grid connection
- USD 3-6M
- Annual operations and maintenance
- USD 0.5-1M
- Land requirement
- 500,000 m2
- Project lifetime
- 25+ years
Six capabilities, feasibility through operations
Assess
Solar studies, land assessment, grid connectivity and financial analysis.
Design
PV system design, electrical and structural engineering, performance simulation.
Procure
Sourcing modules, inverters, mounting systems and balance of plant.
Construct
Civil works, equipment installation, electrical works and grid integration.
Commission
Testing, performance validation and handover to commercial operation.
Operate
Monitoring, preventive maintenance, cleaning and performance optimisation.
Three ways to hold the asset
IPP
Independent power production, selling output under a long-term tariff.
O&M
Operations and maintenance contracted across plants built by others.
Why Saudi solar, and why now
- Strong government commitment under Vision 2030
- High solar potential and abundant resource
- Attractive financial returns at utility scale
- Sustainable and clean energy future
- Long-term market opportunity as demand doubles