{"id":1010,"date":"2024-11-19T17:34:06","date_gmt":"2024-11-19T13:34:06","guid":{"rendered":"https:\/\/www.utilitybusinessmena.com\/?p=1010"},"modified":"2024-11-19T17:34:06","modified_gmt":"2024-11-19T13:34:06","slug":"taqa-signs-25-year-ppas-for-3-6gw-power-projects-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/cheeltech.com\/utilitybusinessmena\/electricity\/taqa-signs-25-year-ppas-for-3-6gw-power-projects-in-saudi-arabia","title":{"rendered":"TAQA signs 25-year PPAs for 3.6GW power projects in Saudi Arabia"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.utilitybusinessmena.com\/water\/suez-taqa-and-siemens-to-advance-desalination-technology\" data-type=\"post\" data-id=\"355\" rel=\"nofollow noopener\" target=\"_blank\">TAQA Group<\/a>, in partnership with <a href=\"https:\/\/www.utilitybusinessmena.com\/news\/acwa-power-taqa-consortiums-win-7-2gw-saudi-power-projects-contracts\" data-type=\"post\" data-id=\"910\" rel=\"nofollow noopener\" target=\"_blank\">JERA Co<\/a>., Inc. and <a href=\"https:\/\/www.utilitybusinessmena.com\/renewable-energy\/al-yamamah-to-lead-saudi-arabias-push-into-wind-energy-manufacturing\" data-type=\"post\" data-id=\"784\" rel=\"nofollow noopener\" target=\"_blank\">Al Bawani Capital<\/a>, has signed 25-year power purchase agreements (PPAs) with the <a href=\"https:\/\/www.utilitybusinessmena.com\/solar\/saudi-power-procurement-company-sppc-shortlists-consortiums-for-2-13b-solar-projects\" data-type=\"post\" data-id=\"719\" rel=\"nofollow noopener\" target=\"_blank\">Saudi Power Procurement Company (SPPC)<\/a>, the Principal Buyer, to develop two new combined-cycle gas turbine (CCGT) power projects in Rumah and Nairyah.<\/p>\n\n\n\n<p>The projects feature a combined capacity of 3.6 gigawatts (GW).<\/p>\n\n\n\n<p>The new developments align with Saudi Arabia&#8217;s Vision 2030 energy goals, which aim to generate 50% of the Kingdom\u2019s electricity from efficient gas technology and the remainder from renewable energy sources.<\/p>\n\n\n\n<p>The projects will contribute to meeting the Kingdom\u2019s growing power demands while driving sustainability in its energy sector.&nbsp;<\/p>\n\n\n\n<p>&#8220;TAQA is proud to be a trusted partner in Saudi Arabia\u2019s journey toward a sustainable energy future,&#8221; said Jasim Husain Thabit, Group CEO and Managing Director, TAQA Group. \u201cWe look forward to collaborating with our partners to deliver world-class infrastructure that supports the Kingdom\u2019s energy and water needs.&#8221;&nbsp;<\/p>\n\n\n\n<p>Located in key regions, the Rumah and Nairyah plants represent TAQA&#8217;s fourth and fifth greenfield projects in Saudi Arabia. They also highlight the company\u2019s deepening role in the Kingdom\u2019s energy landscape.<\/p>\n\n\n\n<p>By leveraging advanced gas turbine technology, the plants are expected to deliver reliable and low-carbon power to communities and industries across the region.&nbsp;<\/p>\n\n\n\n<p>JERA Co., Inc., a global leader in energy, and Al Bawani Capital, a prominent Saudi investment firm, bring critical expertise to the partnership. Their collaboration with TAQA underscores a shared commitment to building infrastructure that supports the Kingdom&#8217;s energy transition goals.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new developments align with Saudi Arabia\u2019s Vision 2030 energy goals, which aim to generate 50% of the Kingdom\u2019s electricity from efficient gas technology and the remainder from renewable energy sources.<\/p>\n","protected":false},"author":2,"featured_media":462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,40,428,520],"tags":[1202,513,1203,1204,318,808,1148],"class_list":{"0":"post-1010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-electricity","8":"category-news","9":"category-power","10":"category-projects","11":"tag-al-bawani-capital","12":"tag-ccgt","13":"tag-combined-cycle-gas-turbine-ccgt","14":"tag-jera-co","15":"tag-saudi-power-procurement-company-sppc","16":"tag-saudi-vision-2030","17":"tag-taqa-group"},"_links":{"self":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/comments?post=1010"}],"version-history":[{"count":0,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media\/462"}],"wp:attachment":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media?parent=1010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/categories?post=1010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/tags?post=1010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}