Media ININ Economy We Trust
Media IN Abu Dhabi 22nd-07-2019
A consortium comprising EDF Renewables and Abu Dhabi Future Energy Company (Masdar) announced the completion of financing for the $500 million Dumat Al Jandal wind project in Saudi Arabia, supported by Saudi and international banks, Emirates News Agency (WAM) reported.
Earlier in January, the Saudi Renewable Energy Project Development Office (REPDO) awarded the Dumat Al Jandal project to the winning consortium which submitted the most cost-competitive bid of $21.3 per megawatt-hour (MWh).
Project construction will begin during the first quarter of 2022, led by DF Renewables and Masdar, a subsidiary of Mubadala Investment Company.
The 400-megawatt (MW) project will be the kingdom’s first wind farm and the largest in the Middle East.
Vestas, the contracted wind-turbine technology provider, will be responsible for the engineering, procurement and construction (EPC) contract, and Spain’s TSK will be responsible for the balance of plant, whereas CG Holdings will provide the substations and high-voltage solutions.
Situated 896 kilometres north of Riyadh, the wind farm will supply electricity under a 20-year power purchase deal with the Saudi Electricity Company’s (SEC) Saudi Power Procurement Company.
