Riyadh, Saudi Arabia — ACWA Power has officially launched commercial operations for the Saad 2 photovoltaic power plant, achieving 759.3 MW of its planned 1,125 MW capacity in the Riyadh region. The announcement was confirmed on July 22, 2025.

ACWA Power holds a 50.1% equity stake in the plant, which is expected to reach full capacity later this year. The company anticipates the project will impact its financial results in the second half of 2025.

Stepping Stone for Utility-Scale Growth

The start of partial operations highlights the ACWA Power Saad 2 solar project as a key part of Saudi Arabia’s expanding solar sector. As a utility-scale asset, Saad 2 reflects the Kingdom’s strong push toward renewable energy under Vision 2030.

ACWA Solar Riyadh: Financial Outlook Aligned with Rollout

With 759.3 MW already online, ACWA Power expects to recognize revenue and earnings from its stake starting in H2 2025. The remaining ~365 MW is scheduled for commissioning before year-end.

Saad 2 Photovoltaic Plant and Vision 2030 Energy Goals

This plant forms part of Saudi Arabia’s National Renewable Energy Programme (NREP). ACWA Power’s solar portfolio continues to support the Kingdom’s ambition to source 50% of its electricity from renewables by 2030.

Scaling Clean Energy Infrastructure

Saad 2 joins ACWA’s growing portfolio, including the 2,060 MW Al Shuaibah 2 solar project and PPA-backed assets like Ar Rass 2 and Alkahfah. The firm remains a leader in Saudi utility-scale solar development.

 

 

THE SAUDI STANDARD’S VIEW: ACWA Power’s Saad 2 Launch Advances Vision 2030 Renewable Commitments

ACWA Power’s successful activation of 759.3 MW at Saad 2 marks a major milestone in Saudi Arabia’s green transition. As the plant progresses toward its full 1,125 MW capacity, the project reflects the Kingdom’s growing momentum in meeting its Vision 2030 energy diversification goals.

  • Flagship Project for Utility-Scale Solar Expansion: The ACWA Power Saad 2 solar project is among the largest in the Kingdom to reach commercial status. It positions ACWA Power as a national leader in utility-scale renewables and deepens solar integration into the power grid.
  • Financial Impact Signals Sectoral Maturity: With a 50.1% stake, ACWA Power is set to benefit from earnings in H2 2025. This reinforces the company’s role as a profitable and strategic force in clean energy.
  • Strategic Location Aligns with Demand Centers: Located near Riyadh, Saad 2 serves climate goals and rising urban energy demand. This shows smart alignment between renewable siting and demographic growth zones.
  • Vision 2030 Renewable Momentum Accelerating: The early activation of Saad 2’s first phase demonstrates real progress toward Saudi Arabia’s target to produce 50% of its electricity from clean sources. It also highlights the Ministry of Energy’s efficiency in delivering projects through NREP.

In conclusion, the launch of Saad 2 is more than a technical milestone—it is a sign of how Saudi Arabia is turning policy into performance. As capacity grows and private sector engagement deepens, the Kingdom continues to lead by example in clean energy transformation.

 

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