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Sakaka IPP PV

Sakaka IPP PV

OVERVIEW

The 300 MW Sakaka IPP photovoltaic (PV) solar project is the first ever utility scale renewable energy project under the National Renewable Energy Program of Saudi Arabia. The Renewable Energy Projects Development Office (REPDO) awarded ACWA Power the contract at a world record-breaking tariff of US Cents 2.3417/kWh (8.781 halalas/kWh). The plant will cover an area of six square kilometeres at Al Jouf.  With an investment of US $302 million, this project the first of a series of project under the Saudi national renewable energy programme which aims to produce 9.5GW of renewable energy by 2023.

KEY FACTS

  • LOCATION

    Al Jouf, Saudi Arabia

  • OFFTAKER

    Saudi Power Procurement Company

  • POWER

    300 MW

  • TECHNOLOGY

    PV

  • PROJECT COST

    USD 302 Mn

  • COD

    Q2 2020

  • ACWA POWER SHARE

    70%

  • OFFTAKE CONTRACT

    25 Years

  • OPERATOR

    Diaa Sakaka Operation and Maintenance Company (NOMAC’s affiliate)

  • OTHER INVESTORS

    Al Gihaz: 30%

  • EPC

    A consortium of Mahindra Susten Private Limited & Chint Solar (Zheijang) Company LTD

  • COMMERCIAL OPERATIONAL DATE

    Q4 2020

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