Saudi Power Procurement Company and Nabah Renewable Energy Company have announced a landmark supply agreement for the 1,500 MW Al-Khushaybi photovoltaic project in Qassim Province.
The deal secures solar panels from Larsen & Toubro, JinkoSolar and Neway Energy, with at least 20 percent of the modules to be produced locally, reinforcing Riyadh’s drive to bolster domestic content in its burgeoning renewables sector.
The Al-Khushaybi project is being developed by ACWA Power in partnership with the Public Investment Fund subsidiary Badeel and Saudi Aramco Power Company.
JinkoSolar will contribute its Tiger Neo n-type TOPCon modules, Larsen & Toubro will provide engineering support and lead installation, and Neway Energy will oversee local fabrication in the Eastern Province. This collaboration marks one of the first major deployments of domestically manufactured photovoltaic technology at utility scale in the kingdom.
This agreement forms a critical component of SPPC’s procurement efforts under the National Renewable Energy Program, which aims to tender 70 percent of Saudi Arabia’s 2030 renewable capacity target through a Price Discovery Scheme.
Backed by a 30-year power purchase agreement, the project offers financial stability and is poised to attract international investment as the kingdom races to install 130 GW of renewable capacity by 2030.
Saudi Arabia’s solar rollout has gained urgency following controlled power cuts in April, when soaring temperatures strained aging gas-fired plants and prompted emergency imports via the GCC Interconnection Authority and additional LNG cargoes from QatarEnergy.
Seen alongside the 1.2 GW Haden project within the PIF4 renewables cluster—which secured over $2.6 billion in financing in 2024—the Al-Khushaybi plant underscores Riyadh’s strategy to build a fully integrated solar supply chain.
Industry analysts view this agreement as a milestone ahead of the project’s commissioning in 2027.
By blending advanced foreign technology with growing local manufacturing capabilities, Saudi Arabia is emerging as the fastest-growing solar market in the Gulf, cementing its commitment to energy security, economic diversification and emissions reduction.
