The Marubeni/Total consortium will own a 40 percent stake in the solar benefit, with the government-owned Siraj Solar holding the left 60 percent. Siraj Solar is a JV of utility provider Qatar Electricity & Water Company (QEWC) and state oil company Qatar Petroleum (QP).
The special purpose vehicle (SPV) established to develop the planned 800MW Siraj Solar project in Qatar is nearing a financial close for the project. According to sources close to the project, the special purpose vehicle is nearing a financial close for the project, with the financing expected to be secured in the coming weeks.
The Photovoltaic project will be developed in the Al-Kharsaah zone of Qatar, something 80km west of Doha. The first 350MW is due to be operational by the first quarter of 2021, with the full 800MW scheduled to be connected to the grid by the first quarter of 2022.
The awarding consortium was one of five groups that submitted bids in June last year.
• Engie (France)/ GS E&C (South Korea)
• Jinko Power (China)/ Kepco (South Korea)
• Mitsubishi Corporation (Japan)