EDF, Masdar, Nesma start construction of 300 MW solar project in Jeddah

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The partnerships of France’s EDF Renewables, Saudi Arabia’s Nesma, and the subsidiary of Mubadala Development Company, Masdar, have started the construction of a 300 MW solar photovoltaic facility in the city of Jeddah in Saudi Arabia. 

The consortium was awarded the development, design, financing, construction, and operation of the project with the bid of SAR60.9042 (US$16.24) per MWh in a national solar tender. 

The project will be built about 50 km southeast of Jeddah and will consist of bifacial modules and single-axis trackers. The Saudi Power Procurement Company has signed a 25-year power purchase agreement for the energy output of the solar project. 

The facility is expected to enter commercial operation by 2022. 

List of the country updates

Country updates

  • April 14, 2021

    JBIC, Mizuho Bank, and Al Rajhi Bank to provide US$157mn financing for 300 MW Rabigh Solar PV Plant

    The Japan Bank for International Cooperation has signed a loan agreement with South Rabigh Renewable Energy Company (SRREC) of the Kingdom of Saudi Arabia (Saudi Arabia), in which Marubeni Corporation...

    Read more
  • April 14, 2021

    Marubeni signs PPA for 300 MW Solar project in Saudi Arabia

    Marubeni Corporation (“Marubeni”) signed a Power Purchase Agreement with the Saudi Power Procurement Company (SPPC) through a Special Purpose Company established with Al Jomaih Energy &...

    Read more
  • April 14, 2021

    Saudi Arabia's REPDO extends deadline for NREP Category A solar tender to May 3

    The Renewable Energy Project Development Office (Repdo) of Saudi Arabia has extended the deadline for the third round of the kingdom’s National Renewable Energy Programme (NREP) tender...

    Read more
  • December 22, 2020

    PIF increases stake in ACWA Power to 50%

    ​The Public Investment Fund has announced that it has increased its ownership stake in ACWA Power from 33.36% to 50%.  ​The investment comes as part of PIF’s strategy to support the develo...

    Read more
  • December 16, 2020

    PIF increases stake in ACWA Power to 50%

    ​The Public Investment Fund has announced that it has increased its ownership stake in ACWA Power from 33.36% to 50%.  ​The investment comes as part of PIF’s strategy to support the develo...

    Read more

Share this update