Nesma Renewable Energy Co.

What Nesma Renewable Energy Co. does

Nesma Renewable Energy Co. (NRE) is a Saudi Arabian renewable energy project developer and long-term asset investor, established in 2016 as a subsidiary of the diversified Nesma Company conglomerate (which employs over 30,000 people across 40+ subsidiaries). NRE operates as Nesma's designated vehicle for delivering green initiatives under Saudi Arabia's Vision 2030, focusing on utility-scale solar PV and onshore wind, with stated expansion intent into energy storage, green hydrogen, and industrial/commercial distributed renewable solutions.

The company's asset portfolio comprises two disclosed flagship projects: the operational Dumat Al Jandal 400MW onshore wind farm (project value over $400m / SR 1.5bn, 20-year PPA, co-developed with Masdar and EDF Renewables) and the Jeddah 300MW Solar PV project (project value over $200m / SR 750m, 25-year PPA) currently under construction, in which NRE acts as primary developer and investor. End-to-end capabilities span project sourcing and development, commercial structuring, financing and investment, construction management, and operations and maintenance, with projects optimized to minimize cost of output electricity while delivering risk-aware investor returns.

NRE's business model is anchored on long-term power purchase agreements (20-25 years) with Saudi government and utility offtakers, supplemented by construction management and O&M services revenue. Go-to-market is enterprise field sales: projects are won through competitive tenders and direct partnerships with government entities, utilities, and large industrial customers. Target geographies are Saudi Arabia (primary), Other GCC, Central Asia, and North Africa. The leadership team comprises internationally experienced executives from E.On, EDF, Enercon, KPMG, and Merrill Lynch, bringing institutional project finance and renewable development expertise into the Saudi market.

Name

Nesma Renewable Energy Co.

Legal name

Nesma Renewable Energy Co.

Website

https://nesmarenewables.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Nesma Renewable Energy Co. (NRE) is a Saudi Arabian utility-scale renewable energy developer and long-term asset investor, subsidiary of Nesma Company, delivering solar PV, wind, and emerging green hydrogen projects under Saudi Vision 2030.

Ownership category

akta.pro rank

Product category

Renewable Energy Project Development and Investment

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), PPA Origination, Advisory & Contract Management (Negotiation, Credit, Settlements) (EUAGADAL), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Renewable energy development
• Solar PV projects
• Onshore wind power
• Energy storage systems
• Green hydrogen production

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Renewable Energy Asset Development and Investment: NRE develops, invests in, and operates renewable energy projects (wind, solar PV) on a long-term basis. Revenue is generated through power purchase agreements (PPAs) with utilities and industrial/commercial customers over 20-25 year contract periods.
2. Construction and Operations Management: NRE provides construction management and O&M services for partnered projects, leveraging technical expertise across the project lifecycle.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Nesma Renewable Energy (NRE) develops, invests in, and operates utility-scale renewable energy assets, primarily solar PV and onshore wind, under long-term power purchase agreements (20-25 year PPAs). The company offers end-to-end project services spanning project sourcing and development, commercial structuring, financing and investment, construction management, and operations and maintenance, with a long-term investment approach optimizing financial, technical, and operational performance.

Product overview

Nesma Renewable Energy (NRE) operates as a renewable energy development and investment company focused on delivering green initiatives for Saudi Arabia's Vision 2030. The company offers a portfolio of utility-scale renewable energy assets including the operational Dumat Al Jandal 400MW onshore wind project and the Jeddah 300MW solar PV project under construction. NRE's service offerings encompass the full project lifecycle: Project Sourcing & Development, Project Structuring, Financing & Investment, and Construction Management & O&M. The company focuses on solar PV and onshore wind technologies, with strategic interest in energy storage and green hydrogen sectors. Projects are optimized financially, technically, and operationally with a long-term investment approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Dumat Al Jandal 400MW Onshore Wind Project A 400MW onshore wind farm delivered as a utility-scale renewable energy asset with a 20-year power purchase agreement, developed in partnership with Masdar and EDF Renewables. Targeted at Saudi government offtakers and integrated into the national grid for clean power supply.
• Jeddah 300MW Solar PV Project A 300MW solar PV project under construction with a 25-year power purchase agreement, where NRE acts as primary developer and investor across technical, commercial, financial, and legal workstreams. Designed to deliver utility-scale solar power generation to the Saudi grid.
• Project Sourcing and Development Services End-to-end project origination and development service focused on identifying and advancing renewable energy projects from inception through to viable commercial operation, including site identification, feasibility, permitting, and development. Targeted at government entities, utilities, and large industrial offtakers in the MENA region.
• Project Structuring Services Financial and commercial structuring services for renewable energy projects, designed to minimize the cost of output electricity while delivering risk-aware investor returns. Targeted at project sponsors, lenders, and offtakers requiring optimized PPA and financing structures.
• Financing and Investment Services Investment and financing services for renewable energy assets, with a long-term investment approach providing equity capital and arranging project finance for utility-scale renewable energy projects. Targeted at co-developers, lenders, and project partners in the MENA renewable energy market.
• Construction Management and O&M Services Construction management and operations and maintenance services for renewable energy projects, delivered across the project lifecycle for partnered and self-developed assets. Targeted at project owners, co-developers, and partners requiring technical delivery and long-term operational support for wind and solar PV assets.

Quantifiable outcome

• Dumat Al Jandal 400MW wind farm operational with 20-year PPA
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• MasdarflagshipStrategic or Co-development PartnerNRE partnered with Masdar (Abu Dhabi Future Energy Company) to develop the Dumat Al Jandal 400MW onshore wind project. Masdar is a leading global renewable energy company and part of the UAE's strategic investment in clean energy. The partnership leverages Masdar's technical expertise and NRE's local market knowledge.
• EDF RenewablesflagshipStrategic or Co-development PartnerNRE partnered with EDF Renewables (a subsidiary of EDF Group) to deliver the Dumat Al Jandal 400MW onshore wind project through construction and into operations. EDF Renewables brings international expertise in wind project development and operations.
• Nesma Company (Parent)coreStrategic or Co-development PartnerEstablished in 2016 as a subsidiary of Nesma Company. NRE leverages parent company's decades of infrastructure delivery expertise, established government and private sector relationships, and access to capital for project development and investment.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ENGIE: Global utilities and renewable energy major with substantial MENA and Saudi renewable project exposure. Overlaps with NRE on utility-scale wind/solar development and long-term PPA structures, but operates across a much broader power, gas and services portfolio.
• Enel Green Power: Global renewable IPP subsidiary of Enel Group, with utility-scale wind, solar and storage development. Overlaps with NRE on renewable project development, PPA-based revenue, and emerging green hydrogen/storage initiatives, but at a global incumbent scale.
• Iberdrola: Global renewable energy major (through Iberdrola Renovables) with significant onshore wind and solar PV development. Comparable in IPP business model and long-term PPA structures, though operating at much larger scale and with geographic breadth outside MENA.
• RWE Renewables: Global renewable energy developer and operator under RWE AG, focused on onshore/offshore wind and solar PV. Comparable utility-scale project development and PPA-driven revenue model, with broader geographic diversification than NRE.

Direct peers

• Lightsource bp: Global solar PV project developer and long-term asset owner backed by bp. Closely comparable to NRE on solar PV-focused utility-scale development, PPA structures, and developer-to-operator value chain, though operating at much greater geographic scale.
• ACWA Power: Saudi-listed international IPP and renewable project developer/operator. Closest direct peer — same Saudi base, same utility-scale solar/wind IPP model, same Vision 2030 REPDO tender pipeline, and same long-term PPA revenue structure.
• Voltalia: Multi-technology renewable IPP (wind, solar, hydro, biomass, storage) with development, construction and O&M capabilities. Comparable end-to-end project lifecycle model and long-term PPA revenue structure, albeit focused more on European and Latin American markets.
• EDF Renewables: Global wind and solar project developer, a subsidiary of EDF Group. Direct peer and active co-development partner on Dumat Al Jandal, with overlapping wind/solar IPP business model and expertise in development, construction and operations.
• Masdar: UAE-based renewable energy developer and investor. Direct peer and active co-development partner on NRE's flagship Dumat Al Jandal wind project — comparable utility-scale wind/solar development model and access to Gulf government-led renewable tenders.
• Alfanar: Saudi-based conglomerate with a renewable energy project development arm. Direct regional peer competing for the same Saudi utility-scale wind and solar IPP mandates under Vision 2030 with similar local-market positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nesma-renewables

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nesma Renewable Energy Co.