PPA signed for 800 MW solar project in Qatar
Marubeni Corporation, through a Special Purpose Company "Siraj 1 SPV", established with Siraj Energy and Total Solar International, has executed a Power Purchase Agreement with Qatar General Electricity and Water Corporation (KAHRAMAA) for the Al Kharsaah Solar PV IPP Project.
The SPC (equity participation: Marubeni by 20.4%; Total 19.6%; Siraj 60%) will develop, construct, operate and maintain the Solar PV plant which has a capacity of 800 MW. Siraj Energy is a 40/60 joint venture between Qatar Petroleum and Qatar Electricity & Water Company (QEWC).
The Commercial Operation Date is projected for April 2022, but it will start feeding power to the grid in 2021 with an initial capacity of 350 MWp.
The output will be purchased by KAHRAMAA for a 25-year term. Project financing is also being arranged for this project.
Al Kharsaah will be the first large scale solar plant in Qatar and Marubeni´s second IPP in the country.
The facility will feature 2 million bifacial PV modules with trackers and will cover over 1,000 hectares of land roughly 80 km west of Doha. It will help to avoid 26 million tonnes of carbon dioxide (CO2) emissions.
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