Each project will be developed under a build-own-operate (BOO) model, with the successful bidder holding 100 per cent equity in the special purpose vehicle (SPV) set up to develop and operate the Independent Storage Provider (ISP) project. Each SPV will enter into a 15-year Storage Services Agreement with SPPC.
The combined capacity of Group 1 BESS projects is 2000 MW / 4 Hrs (8000 MWh), comprising the following projects:
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The 500MW/4Hrs Al-Muwyah BESS ISPSite Location: Makkah province, KSA.
- The 500MW/4Hrs Haden BESS ISPSite location: Makkah province, KSA.
- The 500MW/4Hrs Al-Khushaybi BESS ISPSite location: Qassim province, KSA.
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the 500MW/4Hrs Al-Kahafa BESS ISPSite location: Hail province, KSA.
The combined capacity of Group 1 BESS projects is 2000 MW / 4 Hrs (8000 MWh), comprising the following projects:
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