Al Sadawi (2 GW) PV
Al Sadawi (2 GW) PV - a Solar Independent Power Producer in Saudi Arabia. Capacity 2.0 GW. Winning consortium: Masdar + GD Power + KEPCO. LCOE: USD $0.0129/kWh. Status: Financial close.
- Country
- Saudi Arabia
- Procurer
- SPPC
- City / region
- Eastern Province (Al Sadawi)
- Capacity
- 2.0 GW
- Status
- Financial close
- LCOE
- USD $0.0129/kWh
Winning consortium
Masdar + GD Power + KEPCO
Procurement timeline
- RFP: Feb 2024
- Bid submission: Oct 2024
- Preferred bidder: Oct 2024
- Commercial close: 19 Nov 2024
- Financial close: 2025
- PCOD: Q2 2027
Prequalified bidders
23 PQ · 3 final bids
- Masdar + GD Power + KEPCO
- EDF + SPIC Huanghe
- ACWA Power-led
Financing
- Capex: USD 1.4 bn
Technical scope
Process: Bifacial mono-PERC + trackers
Largest R5 award; LCOE 1.29c world-record at award
Notes
R5 flagship; PPA 19 Nov 2024.
EPC contractor: PowerChina
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.