Eversheds Sutherland advises on Saudi’s latest solar PV project
Eversheds Sutherland has advised the Ministry of Energy and the Saudi Power Procurement Company (“SPPC”) on the successful commercial close of the 2060MW Shuaibah 2 Solar PV Project, in Al Shuaibah, Makkah province.
The project, which was completed with AlDhabaan & Partners in association with Eversheds Sutherland (International), has the potential to power 350,000 homes with commercial operation expected to be achieved by Q4 2025.
SPPC entered into a power purchase agreement with Water and Electricity Holding Company (“Badeel”), a wholly owned company by the Public Investment Fund (“PIF”), and ACWA Power. Badeel and ACWA Power will build, own, and operate Al Shuaibah 2 facility and the electricity produced will be sold to SPPC.
The Eversheds Sutherland team was led by partner and head of projects – Middle East Ashley Halewood (pictured), supported by senior associates Benjamin Clarke and Adite Aloke and associate Saed Obeidat.
The AlDhabaan & Partners team was led by partner Mohammad AlAhmad supported by associate Abdulrahman Alrashid.