Shandong Electric Power Construction Corporation No. 3 (SEPCO3), a subsidiary of China Electric Power Construction Corporation, has announced that it has secured the engineering, procurement, and construction (EPC) contract for the Yanbu wind power project. This 700 MW project, located in Madinah Province, Saudi Arabia, is part of the National Renewable Energy Program (NREP), which aims to diversify the country’s energy sources. The agreement was signed with consortium member Marubeni Corporation of Japan.
Progress in Saudi wind projects
This wind energy project is a key milestone for Saudi Arabia, which seeks to increase the share of renewable energy to 50% of its energy mix by 2030, in line with its Vision 2030. The Yanbu project, part of the fourth round of the program, represents significant progress in this direction, particularly in terms of optimizing the kingdom’s energy structure and improving the economic benefits derived from energy generation.
Third major wind project for SEPCO3
This is the third large-scale wind project undertaken by SEPCO3 in Saudi Arabia, following the construction of the Alghat (600 MW) and Waad Shamal (500 MW) wind power projects, also under the NREP. SEPCO3 stated that the execution of this project in Yanbu marks another major step in its strategy for expanding into the renewable energy sector in Saudi Arabia.
Strategic vision for 2030
The NREP, overseen by the Ministry of Energy, aims to reduce reliance on liquid fuels in the electricity generation sector by promoting the use of renewable resources. This initiative aligns with the country’s vision for a more sustainable energy mix. The Yanbu project actively contributes to this transition, aiming to achieve 50% renewable energy capacity in electricity generation by 2030.
