Ar Rass 1 (700 MW) PV

Ar Rass 1 (700 MW) PV - a Solar Independent Power Producer in Saudi Arabia. Capacity 700 MW. Winning consortium: ACWA + Badeel + SPIC Huanghe. LCOE: USD $0.0147/kWh. Status: Operational.

Country

Saudi Arabia

Procurer

SPPC

City / region

Al Qassim (Ar Rass)

Capacity

700 MW

Status

Operational

LCOE

USD $0.0147/kWh

Winning consortium

ACWA + Badeel + SPIC Huanghe

Procurement timeline

• RFP: Apr 2020
• Bid submission: Q2 2021
• Preferred bidder: Oct 2021
• Commercial close: Mar 2022
• Financial close: Q3 2022
• PCOD: 2024

Prequalified bidders

3 final bids

• ACWA + Badeel + SPIC
• Masdar-led
• Jinko-led

Runner-up bidders & tariffs

• Jinko-led - USD $0.0156/kWh

Financing

• Capex: USD 450 M (SAR 1.7bn)
• Lenders: Standard Chartered, Mizuho, Natixis

Technical scope

Process: Bifacial + trackers

Largest R3 plant

Notes

R3 Cat-B.

EPC contractor: PowerChina

Sources

• ACWA Power
• pv-magazine

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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.