KEPCO, Nesma and Etihad Consortium awarded 1,500 MW Dawadmi Wind IPP Plant

In the presence of Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy and Chairman of the Board of Directors of the Saudi Power Procurement Company (SPPC), along with the Ambassadors of the United Arab Emirates and the Republic of Korea, a new wind power project in Saudi Arabia has been awarded to a consortium comprising Etihad Water and Electricity (EtihadWE), Korea Electric Power Corporation (KEPCO), and Nesma Renewable Energy.

Named the Dawadmi Wind Power Project, the 1,500-megawatt (MW) development has achieved a record-breaking production cost of just 5.01760 halalas (equivalent to 1.33803 US cents per kilowatt-hour) setting a new global benchmark for the lowest cost of wind power generation.

H.E. Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure and Chairman of Etihad Water and Electricity, said: “This milestone reinforces the depth of the UAE–Saudi partnership and their integration in the clean energy sector. The participation of a leading national company such as Etihad Water and Electricity in a major project of this scale demonstrates the capability of UAE talent and national institutions to contribute effectively to achieving energy security and sustainability, regionally and globally. It also accelerates the transition towards a low-carbon economy in line with the UAE Net Zero 2050 strategic initiative, and supports the goals of Saudi Vision 2030.”

Eng. Yousif Ahmed Al Ali, Chief Executive Officer of Etihad Water and Electricity, said: “We take pride in joining the consortium implementing the Dawadmi Wind Power Project, which achieved the lowest global cost in the wind energy sector — an accomplishment that reflects the strength of development and financing models in the region.”

Al Ali affirmed that this participation aligns with EtihadWE’s strategic direction toward responsible investment in renewable energy assets. He emphasised that the company continues to work with its partners locally and internationally to facilitate knowledge transfer and apply the highest technical and environmental standards to enhance system reliability and efficiency, reflecting its commitment to translating the UAE leadership’s vision into tangible actions that support national strategies for energy, sustainability, and climate neutrality.

The Dawadmi Wind Power Project marks a significant step forward in expanding Saudi Arabia’s renewable energy capacity, contributing to lower electricity generation costs and greater long-term system efficiency. It also highlights the continued success of the National Renewable Energy Program in drawing top-tier international and regional partners, strengthening investor confidence, and advancing power transmission initiatives across the Gulf region.