{
  "id": 2305888,
  "title": "Saudi Arabia signs major battery storage deals to boost renewable energy targets",
  "url": "https://urgent.news/2026/08/21/saudi-arabia-signs-major-battery-storage-deals-to-boost-renewable",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-21T04:11:15.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/business/qua19tk5n"
  },
  "original_language": "en",
  "account": "Four major battery storage agreements totaling 2,000 MW were recently signed by the Saudi Energy Company consortium, bolstering the Kingdom's ambition of achieving 50% renewable energy by 2030. Saudi Energy and Industry Minister Abdulaziz bin Salman attended the signing ceremony in Riyadh. The four projects, each with a capacity of 500 MW for a four-hour duration, are set to be constructed, owned, and operated by the consortium, which includes Saudi Energy Company, ACWA, and Al-Sharif Group for Contracting and Commercial Development. Additionally, Engie and Haji Abdullah Alireza & Co. Ltd. secured the Al-Khushaybi project in the Qassim region. These initiatives are part of the first group of build-own-operate battery storage projects, with a combined investment of 4.35 billion riyals ($1.16 billion) under the Ministry of Energy's supervision. The projects aim to bolster renewable energy capacity, strengthen grid reliability, and solidify Saudi Arabia's position as a global energy leader.",
  "summary": "Saudi Energy Company consortium inks four battery storage agreements totaling 2,000 MW, supporting the Kingdom’s goal of 50% renewables by 2030.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}