Wadi Ad Dawasir 119 MW PV

Wadi Ad Dawasir 119 MW PV - a Solar Independent Power Producer in Saudi Arabia. Capacity 119 MW. Winning consortium: TotalEnergies + Toyota Tsusho + Altaaqa. LCOE: USD $0.0187/kWh. Status: Operational.

Country

Saudi Arabia

Procurer

SPPC

City / region

Wadi Ad Dawasir (Riyadh)

Capacity

119 MW

Status

Operational

LCOE

USD $0.0187/kWh

Winning consortium

TotalEnergies + Toyota Tsusho + Altaaqa

Procurement timeline

• RFP: Apr 2020
• Bid submission: Q2 2021
• Preferred bidder: Oct 2021
• Commercial close: Feb 2022
• Financial close: 22 Jun 2023
• PCOD: Nov 2025

Prequalified bidders

3 final bids

• TotalEnergies + Toyota + Altaaqa
• ACWA + SPIC + WEHC
• Masdar-led

Runner-up bidders & tariffs

• ACWA + SPIC + WEHC - USD $0.0262/kWh

Financing

• Capex: USD 100 M
• Lenders: Standard Chartered, MUFG, SMBC

Technical scope

Process: Bifacial + trackers

TotalEnergies' first operational KSA PV

Notes

R3 Cat-A.

EPC contractor: Toyota Tsusho + Chint

Sources

• Bracewell FC
• SaudiGulf COD

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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.