Riyadh ess price

The contracts cover five separate 500 MW/2,500 MWh storage projects across Saudi Arabia, with sites in Riyadh, Qaisumah, Dawadmi, Al Jouf, and Rabigh. The Saudi Electricity Company (SEC) has awarded a series of battery energy storage system (BESS) contracts to China's BYD totalling 2.5 GW/12.5 GWh, multiple Chinese media reported on January 11.

Speaking in 2021, the Saudi government expects to spend $293 billion on power and energy projects by then. The biggest share of this revenue is expected to be spent on transmission upgrades and renewable energy. The implementation of the world's largest battery energy system (BESS) project progresses as Saudi Arabia begins qualification tenders.

The Saudi Power Procurement Company (SPPC) has released a list of 33 prequalified bidders for its 8GWh BESS project. The projects mark the first phase of Saudi Arabia's ambitious battery storage program. It is designed to support its 50% renewable energy goal by 2030.

The contracts include five separate 500 MW/2,500 MWh storage systems which will be deployed across Saudi Arabia, with sites in Riyadh, Qaisumah, Dawadmi, Al Jouf, and Rabigh. This marks a significant step in SEC's efforts to strengthen the country's grid stability and integrate more renewable energy sources.

The world's largest BESS project in Saudi Arabia is one that has received accolades from the state government. Under Saudi Arabia's Vision 2030 policy roadmap, the country aims to have a 50% share of renewable energy in its grid.

The projects mark the first phase of Saudi Arabia's ambitious battery storage program. It is designed to support its 50% renewable energy goal by 2030. Each 500 MW facility will operate for four hours, providing 2,000 MWh of total power capacity, said the SPPC.