Saudi advances net-zero ambitions with $1.5b Siemens Energy deal

German firm secures deal to supply key power plant technologies that will provide nearly 4GW to the Kingdom, securing a 25-year maintenance contract for two power plants

Two of the world's largest and most efficient combined-cycle power plants, Taiba 2 and Qassim 2, are set to be constructed in Saudi Arabia's western and central regions over the coming years. German technology firm Siemens Energy's HL-class gas turbines, paired with steam turbines and generators, will each produce approximately 2,000MW of electricity. State-controlled China Energy International Group is Siemens Energy’s engineering, procurement and construction and contracting partner on the projects. "Saudi Arabia is driving forward its Vision 2030 to transform the Kingdom into a pioneering economic location. The new gas-fired power plants will provide reliable energy supply and contribute