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    1. Home
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    3. >France’s EDF, TotalEnergies awarded Saudi solar tenders during Macron visit
    Business

    France’s Edf, TotalEnergies Awarded Saudi Solar Tenders During Macron Visit

    Published by Jessica Weisman-Pitts

    Posted on December 3, 2024

    2 min read

    Last updated: January 28, 2026

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    Image related to President Macron's visit to Saudi Arabia, highlighting TotalEnergies and EDF's awarded solar tenders. These projects support Saudi Arabia's renewable energy goals.
    French President Macron announces solar projects by TotalEnergies and EDF in Saudi Arabia - Global Banking & Finance Review
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    Tags:renewable energysolar powerinvestmentpartnershipsustainability

    By America Hernandez

    PARIS/CAIRO (Reuters) -TotalEnergies will build an 0.3 gigawatt (GW) solar park in Saudi Arabia, while EDF Renewables will build two solar parks totalling 1.4 GW, as part of a series of deals announced on Tuesday during a visit by French President Emmanuel Macron to Riyadh.

    The French companies entered into 25-year power purchase agreements with the Saudi Power Procurement Company for the projects, which were awarded on a build-own-operate model as part of the kingdom’s fifth renewable tender round.

    Saudi Arabia is aiming to build 130 GW of renewable capacity by 2030, up from less than 5 GW today, with the International Energy Agency estimating the kingdom will be responsible for a third of the growth in renewables for the entire Middle East and North Africa region over the next five years.

    EDF won tenders to build the 1 GW Al-Masaa and 0.4 GW Al-Henakiyah 2 solar parks in partnership with the Chinese State Power Investment Corporation (SPIC).

    TotalEnergies will build the 0.3 GW park in the Rabigh Industrial City in partnership with local Saudi developer Aljomaih Energy and Water Company. It is set to come online in 2026, TotalEnergies said in a separate release.

    TotalEnergies has identified the Middle East as a priority location for its future green growth. It is already building Saudi Arabia’s 119 MW Wadi Al Dawasir solar park set to come online in early 2025, and is a shareholder in the business-to-business solar firm SAFEER.

    An agreement between Saudi Arabia’s Public Investment Fund (PIF), wholly-owned subsidiary Saudi Investment Recycling Company (SIRC) and Veolia for the incorporation of waste management and recycling in the kingdom, was also announced.

    The value of the agreements was not disclosed, though Saudi Arabia has previously said the entire 3.7 GW renewable round would attract more than 8 billion Saudi riyals ($2.1 billion).

    (Reporting by Nadine Awadalla and Nayera Abdallah in Riyadh and America Hernandez in Paris. Writing by Menna Alaa and America Hernandez. Editing by Jason Neely and Mark Potter)

    Frequently Asked Questions about France’s EDF, TotalEnergies awarded Saudi solar tenders during Macron visit

    1What is solar power?

    Solar power is energy harnessed from the sun's rays, converted into electricity using photovoltaic cells or solar thermal systems. It is a renewable energy source that helps reduce reliance on fossil fuels.

    2What is renewable energy?

    Renewable energy is energy generated from natural resources that are replenished constantly, such as sunlight, wind, rain, tides, waves, and geothermal heat. It is considered more sustainable than fossil fuels.

    3What is a gigawatt?

    A gigawatt (GW) is a unit of power equal to one billion watts. It is commonly used to measure the output of large power plants or the amount of electricity consumed by large cities.

    4What is sustainability in energy?

    Sustainability in energy refers to the development and use of energy sources that meet current needs without compromising the ability of future generations to meet their own needs, often focusing on renewable resources.

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