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EDF Renewables & Masdar Consortium Reaches Financial Closure on Dumat Al Jandal Wind Project

Power News - Published on Thu, 25 Jul 2019

Image Source: masdar.ae
The consortium consisting of EDF Renewables and Masdar has completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia, with the backing of Saudi and international banks. The Renewable Energy Project Development Office of the Saudi Ministry of Energy, Industry and Mineral Resources awarded the USD 500 million Dumat Al Jandal wind farm in January following a call for tenders in August 2017. The winning consortium submitted the most cost-competitive bid of USD 21.3 per megawatt hour.

With an installed capacity of 400 MW, the Dumat Al Jandal project will be Saudi Arabia’s first wind farm and the largest in the Middle East. Led by EDF Renewables and Masdar, a subsidiary of Mubadala Investment Company, project construction will begin shortly and commercial operations are due to start in the first quarter of 2022.

Vestas is the contracted wind-turbine technology provider and responsible for the engineering, procurement and construction contract. TSK will be responsible for the balance of plant (BOP), while CG Holdings will provide the substations and high-voltage solutions.

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Posted By : Rabi Wangkhem on Thu, 25 Jul 2019
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