Rabigh Solar PV Park is a 300MW solar PV power project. It is planned in Makkah, Saudi Arabia. The project is currently in financed stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in July 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 300 | – | 300 | Financed | Makkah, Saudi Arabia | Al Jomaih Energy and Water; Marubeni |
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Description
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The project is being developed and currently owned by Al Jomaih Energy and Water and Marubeni. The company’s ownership stake in the project stands as 50.1% and 49.9% respectively.
Rabigh Solar PV Park is a ground-mounted solar project.
The project is expected to generate 894,000MWh electricity and supply enough clean energy to power 45,300 households. The project is expected to offset 779,900t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $219.6m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by July 2023.
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.
Contractors Involved
China Energy Construction Guangdong Thermal Power Transmission and Transformation Engineering is expected to render EPC services for the solar PV power project.
The project will utilise single axis tracker that are likely to be supplied by PVHardware.
Al Jomaih Energy and Water and Marubeni are expected to be contracted for rendering of operations & maintenance services for the project.
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, fund 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
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
