The consortium led by Masdar (Abu Dhabi), EDF Renewables (France) and NESMA Company (Saudi Arabia) announced in a statement that it has reached financial close on a 300 megawatt (MW) utility-scale photovoltaic (PV) solar power plant in Jeddah and is starting construction.
The Project will be located in Third Jeddah Industrial City, 50km south-east of Jeddah, western region of Saudi Arabia.
The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy awarded the consortium the 300 MW Jeddah project, after it had submitted the most cost-competitive bid of SAR60.9042 (US$16.24) per megawatt hour. (read more)
The consortium signed a 25-year Power Purchase Agreement (PPA) with Saudi Power Procurement Company (SPPC) during January, 2021 for the project.
Under the terms of the PPA, the consortium will Develop, design, finance, build and operate the plant.
The Jeddah solar plant will utilize the latest technology in the PV market, combining bifacial PV modules with mounting structures that utilize single-axis tracking technology to maximize energy generation by following the sun’s position throughout the day. State-of-the-art robots will also be used to clean the modules, statement said.
The plant is planned to begin operation in 2022.
Larsen & Toubro (India) awarded the EPC contract of the project (read more)
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Read Also: Saudi Arabia signed Power Purchase Agreement for 2,970MW Solar PV Projects
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