Al Henakiyah 2 (400 MW) PV
Al Henakiyah 2 (400 MW) PV - a Solar Independent Power Producer in Saudi Arabia. Capacity 400 MW. Winning consortium: EDF + SPIC Huanghe. LCOE: USD $0.0152/kWh. Status: Financial close.
- Country
- Saudi Arabia
- Procurer
- SPPC
- City / region
- Madinah
- Capacity
- 400 MW
- Status
- Financial close
- LCOE
- USD $0.0152/kWh
Winning consortium
EDF + SPIC Huanghe - equity: 50% / 50%
Procurement timeline
- RFP: Feb 2024
- Bid submission: Oct 2024
- Preferred bidder: Oct 2024
- Commercial close: Dec 2024
- Financial close: Early 2025
- PCOD: Q4 2026
Prequalified bidders
23 PQ · 3 final bids
- EDF + SPIC
- Masdar-led
- TotalEnergies-led
Financing
- Capex: USD 300 M
Technical scope
Process: Bifacial + trackers
Adjacent to Al Henakiyah 1
Notes
R5 companion to Al Masa'a.
EPC contractor: SPIC Huanghe
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.