Nadec – KSA’s first captive solar PV project

ENGIE successfully developed and closed the first corporate power purchase agreement (“PPA”) project in the Middle East: the NADEC solar photovoltaic IPP. With this project, ENGIE is leading the way in establishing an innovative framework allowing intensive energy industries’ and commercial services to directly procure renewable energies through corporate PPAs. Such project triggers the competitivity of solar energy as an alternative to fossil fuel even for medium size PV power plants. Moreover, this project has generated wide interest resulting in the development of a pipeline of similar opportunities across the MENA region, joining the global effort to reduce GHGs emissions, while contributing to the development of renewable energy planned by Saudi Vision 2030.