Saudi Arabia for Energy announces three deals worth 3.25 billion riyals
The Saudi Energy Company has signed three energy storage service contracts using battery technology in Saudi Arabia, with a total value exceeding 3.25 billion SAR, each spanning 15 years. These projects cover the Makkah region and Hail, with a storage capacity of 500 MW / 2000 MWh for each. The Saudi Energy Company owns a 35.1% stake in each project. The purpose of these contracts is to develop, finance, construct, and operate storage systems and connect them to the electrical grid to ensure the sustainability and advancement of the country's independent energy infrastructure.
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