Hector Capital, Agritrade invest USD 100m in Singapore's Sun Electric
Dec 06, 2019 12:02 CESTJuly 17 (Renewables Now) - Denmark’s Vestas Wind Systems A/S (CPH:VWS) has received an order to equip the 415-MW Dumat Al Jandal wind park in Saudi Arabia -- the country’s first utility-scale wind farm and the largest one of its kind in the Middle East.
The engineering, procurement and construction (EPC) deal was awarded by a consortium of EDF Renewables and Abu Dhabi Future Energy Company PJSC, better known as Masdar, which won the construction tender for the project in January. It calls for Vestas to supply and install 99 units of the V150-4.2 MW turbines for the project in Al-Jawf Region, northwestern Saudi Arabia, it said in a statement on Tuesday.
The Danish manufacturer will also operate and maintain the complex under a 20-year Active Output Management 4000 (AOM 4000) service agreement.
The Dumat Al Jandal power plant’s output will be sold under a 20-year power purchase agreement (PPA) with the Saudi Power Procurement Company, part of Saudi Electricity Company (SEC). The construction of the wind park represents the first phase of Saudi Arabia’s plan to add 7 GW of wind within five years and 16 GW by 2030.
Hector Capital, Agritrade invest USD 100m in Singapore's Sun Electric
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