Noor Abu Dhabi (Sweihan) PV

Noor Abu Dhabi (Sweihan) PV - a Solar Independent Power Producer in UAE. Capacity 1.2 GW. Winning consortium: Marubeni + JinkoPower. LCOE: USD $0.0242/kWh. Status: Operational.

Country

UAE

Procurer

EWEC

City / region

Sweihan, Abu Dhabi

Capacity

1.2 GW

Status

Operational

LCOE

USD $0.0242/kWh

Winning consortium

Marubeni + JinkoPower - equity: TAQA 60% / Marubeni 20% / Jinko 20%

Procurement timeline

• RFP: May 2016
• Bid submission: Sep 2016
• Preferred bidder: Oct 2016
• Commercial close: Feb 2017
• Financial close: May 2017
• PCOD: Jul 2019

Prequalified bidders

• Marubeni + Jinko
• Masdar + EDF
• ACWA Power
• First Solar
• Engie/Mitsui

Financing

• Capex: USD 870 M (AED 3.2bn)
• Debt: USD 650 M
• Lenders: MUFG, SMBC, Mizuho, StanChart, SocGen, FAB, Natixis
• Tenor: 27-yr mini-perm; refinanced via green bond

Technical scope

Process: ~3.2M Jinko polycrystalline, single-axis tracker, 8 km²

World record 2.42c at Sep 2016 bid. World's largest single-site solar at COD 2019

Notes

Sweihan PV Power Company. Original ADWEA contract.

EPC contractor: JinkoSolar (modules) + Sterling & Wilson

Sources

• PR Newswire FC
• Noor Abu Dhabi

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