Saudi Arabia’s Renewable Energy Project Development Office (Repdo) has awarded a contract to a consortium led by France’s EDF and the UAE’s Masdar to develop the 400MW Dumat al-Jandal wind project in Saudi Arabia.
MEED reported in November that Repdo shortlisted the EDF/Masdar consortium as the preferred bidder for the $500m project.
The client opened the commercial proposals for the Dumat al-Jandal wind project in November, having received bids in April. The EDF/Masdar consortium submitted the lowest levelised cost of electricity (LCOE) bid of 7.996 halalas per kWh, with the local Acwa Power submitting a tariff price of 10.1132 halalas per kWh.
The EDF/Masdar group will develop the wind project under a 20-year power-purchase agreement (PPA) with Saudi Power Procurement Company (SPPC).
In February last year, Repdo awarded the contract for the first project under the National Renewable Energy Programme (NREP), the 300MW photovoltaic (PV) Sakaka solar project, to a consortium led by Acwa Power.
Saudi Arabia has set an ambitious target to develop 58.7GW of renewable energy by 2030, with Repdo set to deliver 30 per cent of the planned capacity.
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