Introduction:
What does it take to shift a nation’s energy landscape? In Saudi Arabia’s case, it’s a bold $8.3 billion bet on the sun and wind. On July 14, 2025, ACWA Power, in collaboration with Badeel and Saudi Aramco Power Company (SAPCO), unveiled one of the Kingdom’s most ambitious clean energy ventures yet—a massive 15 GW renewable energy portfolio. This blog explores how this historic partnership is shaping Saudi Arabia’s future, aligning with national goals, and paving the way for global renewable energy leadership.

Powering the Kingdom: The Scale and Strategy of the 15 GW Initiative

ACWA Power’s agreement with Badeel and SAPCO marks a transformative step in the Kingdom’s energy evolution. Backed by a staggering $8.3 billion investment, the portfolio includes five solar PV projects totaling 12 GW and two wind farms contributing 3 GW—all strategically located across various provinces, from Asir to Riyadh. This initiative is not just about numbers—it’s a calculated move under the National Renewable Energy Program (NREP), reflecting Saudi Arabia’s commitment to sourcing 70% of its renewable energy from Public Investment Fund-led initiatives by 2030. With ACWA Power leading development and holding a 35.1% stake in each project, this initiative positions the company as a cornerstone of Saudi Arabia’s clean energy vision.

Solar and Wind: The Blueprint of a Renewable Megaproject

The detailed asset lineup reads like a renewable energy roadmap: a 3 GW solar plant in Bisha, another in Humaij, plus major installations in Makkah, Riyadh, and beyond. Two wind plants—Starah (2 GW) and Shaqra (1 GW)—add to the energy mix, bringing diversity and resilience to the grid. These projects are expected to reach financial close by Q3 2025 and begin contributing to the national grid between late 2027 and early 2028. Once operational, they will significantly boost Saudi Arabia’s renewable capacity, with 25-year power purchase agreements (PPAs) secured with the Saudi Power Procurement Company (SPPC), ensuring long-term energy supply and economic viability.

From Vision to Impact: What This Means for Saudi Arabia and the World

The implications of this renewable surge are vast. For Saudi Arabia, it means progress toward energy diversification, job creation, and reduced carbon emissions—all pillars of Vision 2030. Internationally, it places the Kingdom among global clean energy frontrunners. Aramco’s participation, aligned with its net-zero strategy, adds corporate weight to the endeavor. With ACWA Power’s overall portfolio now exceeding 51.9 GW globally, and 34 GW within the Kingdom alone, this deal doesn’t just add capacity—it redefines leadership in the renewable energy race.

In Summary: Saudi Arabia is not just planning for a greener future—it’s building it today. With ACWA Power, Badeel, and SAPCO leading the charge, the Kingdom’s 15 GW renewable energy push is both a national milestone and a global statement.