Exus to acquire 1 GW of solar projects in Brazil
Aug 09, 2022 13:38 CESTAugust 9 (Renewables Now) - France’s EDF Renewables and Masdar have produced first power from their 400-MW Dumat Al Jandal wind farm in Saudi Arabia, the Kingdom’s first utility-scale wind park and the largest one in the Middle East.
The power plant, located in the country’s Al-Jouf region, has been connected to the grid, Abu Dhabi Future Energy Company PJSC, better known as Masdar, said in a Twitter post this weekend. Commercial operations are due to be launched in the first quarter of 2022.
Once fully operational, Dumat Al Jandal will be generating enough electricity for up to 70,000 homes. The output of its 99 Vestas V150-4.2MW turbines will be sold to Saudi Power Procurement Company under a 20-year power purchase agreement (PPA).
Masdar and EDF Renewables won the USD-500-million (EUR 425.1m) project at the start of 2019 in a tender held by the Renewable Energy Project Development Office (REPDO) with a bid of USD 21.3/MWh, which was reduced further at financial close to just USD 19.9/MWh. Denmark’s Vestas Wind Systems A/S (CPH:VWS) was selected as the turbine supplier and engineering, procurement and construction (EPC) contractor.
(USD 1.0 = EUR 0.850)
Exus to acquire 1 GW of solar projects in Brazil
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