MADINAH — Al Henakiyah 1 Solar Power Plant in the Madinah Region is capable of supplying electricity to approximately 190,000 homes annually. Operating under the National Renewable Energy Program, which is supervised by the Ministry of Energy, Al-Hanakiyah 1 Solar Photovoltaic Power Plant has a generation capacity of 1,100 megawatts. **media[2747226]** Located south of Al Henakiyah Governorate in the Madinah Region, the project forms part of the Kingdom’s efforts to expand the use of renewable energy sources and energy storage systems, support the objectives of the Liquid Fuel Displacement Program, and reduce emissions. The purchase price of the electricity it generates is 1.68420 U.S. cents per kilowatt-hour, underscoring the competitiveness of renewable energy projects in the Kingdom and their ability to achieve globally competitive electricity generation costs. Al Henakiyah 1 is one of the projects included in the fourth phase of the National Renewable Energy Program and supports the Kingdom’s goal of increasing the combined contribution of renewable energy and energy storage systems to approximately 50 percent of the electricity generation mix by 2030. **media[2747225]** The project, which began operations in the summer of 2025, also supports the diversification of energy sources while strengthening energy security and sustainability. The Saudi Power Procurement Company (the principal buyer) is responsible for preparing preliminary studies, tendering electricity generation projects, signing power purchase agreements, and concluding energy storage service agreements with developer consortia.
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