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ABU DHABI / WAM
The consortium consisting of EDF Renewables and Abu Dhabi Future Energy Company (Masdar) 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 (REPD) of Saudi Ministry of Energy, Industry and Mineral Resources awarded $500 million Dumat Al Jandal wind farm in January following a call for tenders in 2017. The winning consortium submitted most cost-competitive bid of $21.3 per MWh.
With an installed capacity of 400MW, 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.