Spanish firm wins Rabigh 2 solar tracker deal

1 October 2025

Spain-based PV Hardware has secured a deal to provide solar trackers for Saudi Arabia’s 376.26MW Rabigh 2 solar independent power project.

The trackers are designed to reduce ramming and earthworks and restore soil after the project site is decommissioned.

The project is being developed by a team comprising the local AlJomaih Energy & Water and France’s TotalEnergies Renewables.

The consortium signed a power-purchase agreement with Saudi Power Procurement Company last year. Financial closure for the project, valued at $219.7m, was achieved in May.

China’s Shandong Electric Power Construction Company (Sepco) won the engineering, procurement and construction contract.

Rabigh 2 was awarded in the fifth round of Saudi Arabia’s National Renewable Energy Programme. It is regarded as a key component of the kingdom’s Vision 2030 renewable energy targets.

The project will deliver one of the region’s lowest solar tariffs at $1.78 per kWh. The plant is expected to supply enough clean electricity to power more than 200,000 homes.

Construction is scheduled to begin in November. It is expected to take approximately two years to complete.


READ THE OCTOBER 2025 MEED BUSINESS REVIEW – click here to view PDF

Private sector takes on expanded role; Riyadh shifts towards strategic expenditure; MEED’s 2025 power developer ranking

Distributed to senior decision-makers in the region and around the world, the October 2025 edition of MEED Business Review includes:

> AGENDA 1: A new dawn for PPPs
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Mark Dowdall
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