• The consortium won the tender for the project after submitting the most cost-competitive bid of US$21.3 per MWh 

Abu Dhabi, United Arab Emirates: The consortium consisting of EDF Renewables and Abu Dhabi Future Energy Company (‘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 (REPDO) of the Saudi Ministry of Energy, Industry and Mineral Resources (MEIM) awarded the US$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 US$21.3 per megawatt hour (MWh).

With an installed capacity of 400 megawatts (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 (EPC) contract. TSK will be responsible for the balance of plant (BOP), while CG Holdings will provide the substations and high-voltage solutions.

“We are delighted to take part in the first wind project in the country, which is set to be the most powerful wind farm in the Middle East. This new step reflects the quality of our partnership with Masdar, which has enabled us to jointly submit the most competitive bid. Wind power is now representing a renewable and economical solution in the energy mix,” said Bruno Bensasson, EDF Group Senior Executive President responsible for Renewable Energies, and Chairman and CEO of EDF Renewables.

“This new project demonstrates our ambitions in the country and represents another step forward under the EDF Group’s Cap 2030 strategy, which aims to double its renewable energy capacity by 2030 – both in France and worldwide – to 50GW.”

“The award of Saudi Arabia’s first and the Middle East’s largest wind farm during Abu Dhabi Sustainability Week in January was a momentous occasion for our company and our partners,” said Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.

“It also illustrated the depth of Saudi Arabia’s commitment to realise its bold strategy to substantially increase the contribution of renewables in its total energy mix to 27.3GW by 2024, from wind as well as solar energy. The over-subscribed financing of the Dumat Al Jandal project further illustrates the confidence of local and international lenders, and the investment community, in the economy of the Kingdom and its potential as a hub for highly cost-effective renewable energy development.”

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

Osama Bin Abdul Wahab Khawandanah, Chief Executive Officer of the Saudi Power Procurement Company, said: “We are pleased to achieve the financial close of Dumat Al Jandal wind project successfully, and we are delighted to see the project progress to the construction stage. The Dumat Al Jandal project has set the benchmark and shows the potential for onshore wind energy in the Kingdom, and is a new reference point and source of confidence as we continue to diversify our power generation system.”

The wind farm will be located 560 miles (896km) north of Riyadh, in the Al Jouf region of Saudi Arabia.

-Ends- 

About Masdar

Abu Dhabi’s renewable energy company Masdar is advancing the commercialization and deployment of renewable energy, sustainable urban development and clean technologies to address global sustainability challenges. Wholly owned by Mubadala Investment Company, the strategic investment company of the Government of Abu Dhabi, our mandate is to help maintain the UAE’s leadership in the global energy sector, while supporting the diversification of both its economy and energy sources for the benefit of future generations. Masdar’s renewable energy projects are located in the UAE, Jordan, Mauritania, Egypt, Morocco, the UK, Serbia and Spain.

Contacts:
E-mail: press@masdar.ae
Tel enquiries in Arabic: +971 2 653 3333
Tel enquiries in English: +971 2 653 6014
For more information please visit: http://www.masdar.ae  and connect: facebook.com/masdar.ae and twitter.com/masdar 

About EDF Renewables

EDF Renewables is a leading international player in renewable energies, with gross installed capacity of 12.7 GW worldwide. Its development is mainly focused on wind and solar photovoltaic power. EDF Renewables operates mostly in Europe and North America but is continuing to grow by moving into promising emerging regions such as Brazil, China, India, South Africa and the Middle East. The company has strong positions in offshore wind power, but also in other areas of the renewable energies industry such as energy storage. EDF Renewables develops, builds, operates and maintains renewable energies projects, both for itself and for third parties. EDF Renewables is the EDF Group subsidiary specialising in developing solar and wind power.

For more information, visit: www.edf-renewables.com 

Follow us on LinkedIn: https://www.linkedin.com/company/edf-renewables  and on Twitter (@EDF_RE in French and @EDF_Renewables in English).

PRESS CONTACTS
Daniel Da Costa ? tel. : +33 (0)1 40 90 48 22 ? email : daniel.dacosta@edf-en.com 
Clarisse Placidoux ? tel. : +33 (0)1 40 90 49 46 ? email : clarisse.placidoux@edf-en.com 

© Press Release 2019

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