Saudi project may set the mark for lowest wind power price—1.99 U.S. cents per kWh

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Renew Economy:

Saudi Arabia’s 400MW Dumat Al Jandal onshore wind farm has announced what it says is a world record-low onshore wind levelised cost of electricity (LCOE) of 1.99 US cents per kilowatt-hour (kWh).

The Dumat Al Jandal onshore wind farm – set to be located more than 800 kms north of Riyadh in the Al Jouf region of north-western Saudi Arabia – will be the country’s first wind project and the largest in the Middle East.

The developing consortium – led by French renewable energy group EDF Renewables and renewable energy developer Masdar, a subsidiary of Mubadala Development Company – was awarded the project in January at an already-impressive low price of 2.1 cents/kWh, a record for the Middle East and North Africa region.

It was not until late-July, however, that the developing-consortium completed the financing for the project and announced financial close, during which time the project had made a 6.5% improvement on LCoE, bringing it down from 2.13 US cents/kWh to what the developers are now describing as a world-record 1.99 cents/kWh.

“We are delighted to take part in the first wind project in the country, which is set to be the most powerful wind farm in the Middle East,” said Bruno Bensasson, EDF Group Senior Executive President responsible for Renewable Energies, and Chairman and CEO of EDF Renewables. “This new project demonstrates our ambitions in the country and represents another step forward under the EDF Group’s Cap 2030 strategy, which aims to double its renewable energy capacity by 2030 – both in France and worldwide – to 50 GW.”

Construction of the project is expected to begin shortly, with commercial operations due for start in the first quarter of 2022. Vestas Wind Systems A/S has already been contracted as the project’s wind turbine technology provider and will be responsible for engineering, procurement, and construction (EPC). TSK will be responsible for the balance of plant (BOP), while CG Holdings will provide the substations and high-voltage solutions.

More: Saudi Arabia wind farm claims world record low energy cost

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