Al Henakiyah 1 (1.1 GW) PV
Al Henakiyah 1 (1.1 GW) PV - a Solar Independent Power Producer in Saudi Arabia. Capacity 1.1 GW. Winning consortium: Masdar + EDF + Nesma. LCOE: USD $0.0168/kWh. Status: Construction.
- Country
- Saudi Arabia
- Procurer
- SPPC
- City / region
- Madinah (Al Henakiyah)
- Capacity
- 1.1 GW
- Status
- Construction
- LCOE
- USD $0.0168/kWh
Winning consortium
Masdar + EDF + Nesma
Procurement timeline
- RFP: Dec 2022
- Bid submission: Jun 2023
- Preferred bidder: Sep 2023
- Commercial close: Nov 2023
- Financial close: 2024
- PCOD: 2025
Prequalified bidders
3 final bids
- Masdar + EDF + Nesma
- Jinko + Sun Glare + Sunlight
- 3rd consortium
Runner-up bidders & tariffs
- Jinko consortium - USD $0.0171/kWh
Financing
- Capex: USD 1.0 bn
- Lenders: SMBC, Standard Chartered, MUFG, BNP
Technical scope
Process: Bifacial + trackers
Powers ~190k households; -1.8 Mt CO2/yr
Notes
R4 Cat-B.
EPC contractor: PowerChina + L&T
Sources
Open the full Solar IPP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.