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Abu Dhabi's Masdar consortium to start work on 300MW Saudi project

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Masdar Consortium to Commence Work on 300MW Saudi Project

Masdar Consortium to Commence Work on 300MW Saudi Project
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Masdar consortium to start work on 300MW Saudi project

Masdar consortium to start work on 300MW Saudi project
ABU DHABI, 4 hours, 18 minutes
ago
Abu Dhabi-based Masdar said its consortium with global renewable energy leader EDF Renewables, is set to start construction work on a 300-megawatt utility-scale photovoltaic (PV) solar power plant in Jeddah following its financial close with Nesma Company.

The Renewable Energy Project Development Office (Repdo) of Saudi Arabia’s Ministry of Energy had awarded the consortium the Jeddah project, after it had submitted the most cost-competitive bid of SR60.9042 ($16.24) per megawatt hour.

It also signed a 25-year power purchase agreement (PPA) with Saudi Power Procurement Company (SPPC) this January for the project. ....

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