Deals Counterparts

Elsewedy Electric completes 348.6 MW El Saad solar power plant in Saudi Arabia

Development Solar announced Riyadh, Saudi Arabia Mar 9, 2026
348.6 MW
Capacity
operating
Stage
El Saad solar power plant
Project

Elsewedy Electric for Power Transmission & Distribution completed the 348.6 MW El Saad solar power plant, developed in partnership with Jinko Power and Al Ghazala Energy Company Limited, with SPPC as the offtaker.

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Counterparts (9)

supplier
OCA Global
company
Madrid-based multinational technical services group with over 2,000 professionals, specializing in inspection, certification, testing, consulting, and project management for infrastructure, energy, and industrial sectors. Active in over 70 countries across Europe, Latin America, Africa, Asia, North America, and Australia.
E
Elsewedy Transformers
company
Elsewedy Transformers, a subsidiary of Elsewedy Electric, is a leading global manufacturer of power and distribution transformers. Headquartered in New Cairo, Egypt, the company has a combined production capacity of 70,000 MVA per year, serving utilities, industrial sectors, and renewable energy projects across the Middle East, Africa, Europe, and Asia.
Siemens Energy
company
Siemens Energy is focused on driving the energy transition. They provide a wide array of products, solutions, and services across the energy value chain, supporting the decarbonization of energy systems.
Schneider Electric Saudi Arabia
company
Schneider Electric Saudi Arabia, a subsidiary of the global Schneider Electric SE, is a leading provider of energy management and industrial automation solutions, equipment, and services in Saudi Arabia. The company focuses on delivering smart infrastructure, digital transformation, and sustainability solutions across utilities, data centers, buildings, and industrial sectors.
Alfanar
company
Alfanar is a Saudi Arabian company focusing on electrical, construction, and manufacturing businesses. It has expanded into renewable energy development and investment, with a global presence in various energy and infrastructure projects.

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Deal Analysis

Elsewedy Electric for Power Transmission & Distribution completed the 348.6 MW El Saad solar power plant in Saudi Arabia, developed with Jinko Power and Al Ghazala Energy Company Limited. Saudi Power Procurement Company (SPPC) is the offtaker for the solar facility, announced on 2026-03-09.
  • Elsewedy Electric for Power Transmission & Distribution completed 348.6 MW El Saad solar plant.
  • Developed by Jinko Power and Al Ghazala Energy Company Limited in Saudi Arabia.
  • Saudi Power Procurement Company (SPPC) is the offtaker.
  • Announced 2026-03-09.

Source Intelligence

KEY DETAILS

The project received the Provisional Acceptance Certificate (PAC). The construction was completed in 16.5 months, shorter than the original 24-month project schedule. The project includes a 33/132 kV high-voltage substation and a 600 m overhead transmission line for grid integration. The facility uses PV modules, inverters and power conversion systems integrated with protection and control infrastructure.

Capacity
Elsewedy Electric delivers 348.6 MW PV project in Riyadh
Location
located 85 km east of Riyadh, Saudi Arabia.
PPA Details
with Saudi Power Procurement Company (SPPC) as the offtaker.
COD
The company received the Provisional Acceptance Certificate (PAC), marking the project’s transition into the operations and maintenance phase.
PARTIES MENTIONED IN SOURCE
E
Elsewedy Electric for Power Transmission & Distribution developer/EPC

"Elsewedy Electric for Power Transmission & Distribution has completed the 348.6 MW El Saad solar power plant"

J
Jinko Power developer

"developed in partnership with Jinko Power"

A
Al Ghazala Energy Company Limited developer

"and Al Ghazala Energy Company Limited"

S
Saudi Power Procurement Company (SPPC) buyer

"with Saudi Power Procurement Company (SPPC) as the offtaker."

S
Siemens Energy supplier/contractor

"Key partners supporting the project included Siemens Energy"

S
Schneider Electric Saudi Arabia supplier/contractor

"Schneider Electric Saudi Arabia"

A
Alfanar supplier/contractor

"Alfanar"

E
Elsewedy Transformers supplier/contractor

"Elsewedy Transformers"

O
OCA Global supplier/contractor

"and OCA Global."

medium quality Enriched Mar 9, 2026

Timeline

Announced
Mar 9, 2026
Signed
Closed

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