Sakaka 300 MW PV

Sakaka 300 MW PV - a Solar Independent Power Producer in Saudi Arabia. Capacity 300 MW. Winning consortium: ACWA Power + AlGihaz. LCOE: USD $0.0234/kWh. Status: Operational.

Country

Saudi Arabia

Procurer

REPDO

City / region

Al Jouf

Capacity

300 MW

Status

Operational

LCOE

USD $0.0234/kWh

Winning consortium

ACWA Power + AlGihaz - equity: ACWA 70% / AlGihaz 30%

Procurement timeline

• RFP: 2017
• Bid submission: Oct 2017
• Preferred bidder: Jan 2018
• Commercial close: Feb 2018
• Financial close: Nov 2018
• PCOD: Q2 2020

Prequalified bidders

27 PQ · 8 bids

• ACWA + AlGihaz
• Masdar + EDF
• Marubeni
• EDF Renouvelables
• Engie
• First Solar
• Jinko consortium
• Mitsui

Runner-up bidders & tariffs

• Masdar + EDF - USD $0.0178/kWh
• Marubeni - USD $0.0267/kWh

Financing

• Capex: USD 320 M
• Debt: USD 240 M
• Lenders: Riyad Bank, Alinma, Natixis
• Tenor: 23-yr

Technical scope

Process: Bifacial mono-PERC + trackers

First KSA RE PPP

Notes

World-record tariff at award (2.34c/kWh).

EPC contractor: ACWA + AlGihaz

Sources

• pv-magazine
• ACWA Power

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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.