Saad 1 (300 MW) PV
Saad 1 (300 MW) PV - a Solar Independent Power Producer in Saudi Arabia. Capacity 300 MW. Winning consortium: Jinko Power. LCOE: USD $0.0148/kWh. Status: Operational.
- Country
- Saudi Arabia
- Procurer
- SPPC
- City / region
- Riyadh (Saad)
- Capacity
- 300 MW
- Status
- Operational
- LCOE
- USD $0.0148/kWh
Winning consortium
Jinko Power - equity: 100%
Procurement timeline
- RFP: Apr 2020
- Bid submission: Q2 2021
- Preferred bidder: Oct 2021
- Commercial close: Feb 2022
- Financial close: 2022
- PCOD: 2024
Prequalified bidders
3 final bids
- Jinko Power
- Masdar-led
- ACWA-led
Runner-up bidders & tariffs
- Masdar-led - USD $0.0155/kWh
Financing
- Capex: USD 220 M
Technical scope
Process: Bifacial PV
Notes
R3.
EPC contractor: Jinko + TBEA
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.