Waad Al-Shamal Wind Farm is a 500MW onshore wind power project. It is planned in Northern Borders, Saudi Arabia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. Post completion of the construction, the project is expected to get commissioned in 2026. Buy the profile here.
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Description
The project is being developed by Marubeni and Saudi Power Procurement. The project is currently owned by Saudi Power Procurement with a stake of 100%.
Development status
Post completion of the construction, the project is expected to get commissioned in 2026.
Power purchase agreement
The power generated from the project will be sold to Saudi Power Procurement under a power purchase agreement for a period of 25 years.
For more details on Waad Al-Shamal Wind Farm, buy the profile here.
About Marubeni
Marubeni Corp (Marubeni) is an integrated trading and investment business that operates through its domestic and overseas subsidiaries. The company provides various products and commodities such as marine products, chemicals, energy, metals and minerals, machinery, textiles, forest products and general merchandise, and pulp and paper. It also offers finance, logistics, development and construction services. The company explores transports, stores and markets natural resources. Marubeni provides insurance and reinsurance funds, and Japan real estate investment trust management and property management services, and operates transportation infrastructure projects. It has operations across North America, Central and South America, Europe, Africa, Asia and Oceania. Marubeni is headquartered in Tokyo, Japan.
About Saudi Power Procurement
Saudi Power Procurement Co (SPPC) is an energy procurement company that facilitates the legal separation of generation and transmission. The company offers counterparty services to existing power generation, cross-border trading, balancing funds and maintaining working capital requirements and power scheduling services to energy generators and power distributors. It also enters into power purchase agreements and on-sale agreements for the sale of electricity produced to retail licensees and large consumers in Saudi Arabia. The company also provides procure system services from generation licensees, receives payment from the transmission licensee for system services and facilitates the development of a market for trading electricity system services. SPPC is headquartered in Riyadh, Saudi Arabia.
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