Recently, the Saudi Power Procurement Company (SPPC) announced the list of qualified developers for the seventh round of the National Renewable Energy Program (NREP). The tender, launched in September 2025, includes four solar projects with a total installed capacity of 3.1 GW. These projects are a 1.4 GW (AC) power plant near Hima in Juv Province, a 600 MW (AC) power plant in Bissa, Asir Province, a 500 MW (AC) project in Madina Province, and a 600 MW (AC) project near Mawqaq in Khaire Province.

PriceSeek Analysis on Polysilicon, Bull-Bear Score: 1.5
Saudi Arabia’s announcement of the 3.1 GW solar project plan, involving multiple large-scale power plants, will directly increase the demand for polysilicon, a key raw material for solar panels. The anticipated growth in demand is expected to drive up spot prices, potentially putting pressure on the supply side. Although polysilicon futures prices have recently declined (e.g., the 2609 contract closed at 60,005 yuan/ton, down 1,055 yuan), the large scale and imminent implementation of the projects may reverse the current weak trend and boost futures prices upward. A score of 1.5 reflects a generally positive outlook, as the projects have just been announced and implementation will take time. However, the significant demand growth suggests considerable potential for price increases.