Saudi firm signs 760 MW solar-plus-storage deal in Syria at $0.03/kWh

The agreements follow a framework deal PDC signed with Syria in February for technical and engineering services on energy projects. Siemens Energy signed a memorandum of understanding with Syria's Ministry of Energy the same month to develop a grid control and operation system for the Syrian electricity network.

SPA described the agreements as part of broader efforts to strengthen bilateral cooperation between Saudi Arabia and Syria, support energy infrastructure, and advance sustainable development objectives.

A tariff of $0.03/kWh is low by regional standards. Syria's power sector has suffered from years of conflict, with generation capacity severely reduced and grid reliability among the lowest in the Middle East. A 760 MW solar-plus-storage project at that price point would face execution risk on construction timelines, payment terms, and grid integration, though the involvement of Siemens Energy on the grid-control side may address some of the technical bottlenecks.

The Syrian Electricity Company did not comment on payment guarantees or financing structure. Al-Harfi did not provide a construction timeline or project completion target.