Saudi Arabia’s Dumat Al Jandal 400 megawatt wind farm project has broken a new world record achieving the lowest LCOE for onshore wind power, closing at 1.99 cents per kWh.
The project’s value of $500 million.
The wind farm will generate enough power to supply 70,000 Saudi homes.
The utility-scale wind farm project is the first of its kind in Saudi Arabia and was awarded to a consortium led by EDF Renewables and Masdar in January this year. The winning bid of 2.13 cents kWh an hour was at the time a record low for the MENA region in onshore wind power projects. At the time of financial close, the project had made a 6.5 percent gain on LCOE, a global record price for onshore wind-generated electricity.
Expected to be in commercial operation by 2022, the $500 million projects will create 800 jobs in the construction phase with a further 150 jobs in operation and maintenance.
Dumat Al Jandal was chosen for the Kingdom’s first utility-scale wind power project after predevelopment studies showed a strong mixture of Class II and Class III wind capabilities on the site. the average annual production from the wind plant is expected to be approx 1.4 TWh.
The project was part of Round 1 of the National Renewable Energy Program, Saudi Arabia’s long-term, renewable energy program designed to balance the domestic power mix while working towards carbon decrease commitments.