Saudi Arabia’s first Wind Project reaches financial close

Saudi Arabia’s first wind farm and the largest in the Middle East, Dumat Al Jandal project reaches its financial close with the support of Saudi and international banks.

The installed capacity of the project will be 400 MW.

The project will be implemented by the consortium led by EDF Renewables and Masdar, a subsidiary of Mubadala Investment Company.

Project construction will expect to begin shortly and commercial operations are due to start in the first quarter of 2022.

The Renewable Energy Project Development Office (REPDO) of the Saudi Ministry of Energy, Industry and Mineral Resources (MEIM) awarded the US$500 million Dumat Al Jandal wind farm project in January 2019 following a call for tenders in August 2017.

The winning consortium submitted the most cost-competitive bid of US$21.3 per megawatt hour (MWh).

Vestas is responsible for the engineering, procurement and construction (EPC) of wind turbines.

TSK will be responsible for the balance of plant (BOP), while CG Holdings will provide the substations and high-voltage solutions.

The Dumat Al Jandal wind farm will supply electricity for a period of 20-year, under a power purchase agreement (PPA) with the Saudi Power Procurement Company, a subsidiary of SEC (Saudi Electricity Company), the Saudi power generation and Distribution Company.

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