UAE’s Masdar to start construction on solar project in Saudi Arabia’s Jeddah

UAE’s Masdar to start construction on solar project in Saudi Arabia’s Jeddah

The consortium led by the United Arab Emirates' Masdar and EDF Renewables and Saudi Arabia's Nesma Company announced it is starting construction of a 300-megawatt (MW) utility-scale photovoltaic (PV) solar power plant in Jeddah, Emirates News Agency (WAM) reported on Saturday.

"The Renewable Energy Project Development Office (REPDO) of Saudi Arabia's Ministry of Energy awarded the consortium the 300 MW Jeddah project, after it had submitted the most cost-competitive bid of SAR60.9042 (US$16.24) per megawatt hour,“ according to WAM.

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WAM stated that the consortium led by Masdar will design, finance, build and operate the plant, which will be located in Third Jeddah Industrial City, 50km south-east of Jeddah.

The plant is set to begin operations in 2022.

"This project demonstrates Masdar's commitment to Saudi Arabia's Vision 2030 objectives and its climate goals,“ Mohamed Jameel al-Ramahi, CEO of Masdar, said.

"Through its National Renewable Energy program, Saudi Arabia is fast developing into a global renewable energy player, and Masdar will continue to work closely with the Saudi government and our partners here to help the Kingdom achieve its clean energy transition, while reducing environmental impacts in line with the Saudi Green Initiative,“