- Press Releases
January 11 (Renewables Now) - EDF Renewables and Abu Dhabi Future Energy Company PJSC, better known as Masdar, have won the tender for the construction of a 400-MW wind park in Saudi Arabia, touted as the largest in the Middle East.
As previously announced, the consortium submitted the lowest bid, of SAR 79.97 (USD 21.3/EUR 18) per MWh, in the tender. On Thursday Masdar and EDF confirmed the award and said their teams are already mobilised and the start of construction works is expected in a few months. EDF Renewables has a 51% stake in the consortium, while the rest is in the hands of Masdar.
The Dumat Al Jandal wind farm, to be located in the Al-Jawf region of north-western Saudi Arabia, has a 20-year power purchase agreement (PPA) with the Saudi Power Procurement Company, part of Saudi Electricity Company (SEC).
The wind tender was launched in August 2017 by the Renewable Energy Project Development Office (REPDO) at Saudi Arabia’s energy ministry. Other bidders included Enel Green Power, Engie and ACWA Power. The project supports the kingdom’s 10% renewables target for 2023.
(SAR 1 = USD 0.27/EUR 0.23)