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HomeBusinessSaudi Arabia signs $1.16bn battery storage deals for 2 GW

Saudi Arabia signs $1.16bn battery storage deals for 2 GW

article author: ARAB NEWS Author: Sun, 2026-08-23 13: 43 RIYADH: Saudi Arabia signed agreements for four battery energy storage projects with a combined capacity of 2, 000 megawatts and four-hour storage duration, in deals worth more than SR4. 35 billion ($1. 16 billion). The Saudi Power Procurement Co. , the Kingdom’s principal buyer, signed the storage service agreements for the projects, which are the first batch of battery energy storage system initiatives to be developed under a build-own-operate model, the Saudi Press Agency reported. Main category: Business & Economy Energy Tags: Saudi Power Procurement Co. ACWA Saudi Energy Co.

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