Utility Kahramaa has revealed the winning consortium initially offered $0.01745/kWh with the price then reduced based on financial market indices.
The resulting project will sell power to Qatar General Electricity and Water Corp under a 25-year power supply deal. French oil and gas giant Total and Japanese conglomerate Marubeni will hold a combined 40% stake in the power plant, which will be built near Doha, the Qatari capital.
As it moves towards grid connection this month, the solar project in the south of Oman demonstrates the value proposition of n-type PV cell technology, Chinese solar manufacturer Jolywood has argued at the World Future Energy Summit. The project is said to be the largest n-type bifacial array in the world.
With Kuwait, Qatar and even renewables laggard Saudi Arabia following in the wake of regional clean energy pioneer the UAE, a raft of huge solar tenders is entering the Middle Eastern project pipeline. Obstacles remain to overseas project developers but significant rewards are on offer.
A consortium led by Jinko Power and Korea Electric Power Corp., as well as another group led by Japanese conglomerate Marubeni and French energy group Total, have submitted bids for Qatar’s 700 MW solar tender. The final results will be announced in September.
The Japanese conglomerate is leading a $26 million equity investment in Azuri Technologies, which provides pay-as-you-go solar home solutions to off-grid communities throughout sub-Saharan Africa.
State owned oil company Petroleum Development Oman (PDO) has awarded an independent power producer contract for a 100 MW solar project to a consortium led by Japanese conglomerate Marubeni. Once constructed, the plant will power PDO’s operations in Oman under a 23-year PPA.
Marubeni has revealed plans to halve its 3 GW global coal-fired power portfolio by 2030, and double its holdings of renewable energy within the next five years.
One of the highlights of this year’s Abu Dhabi Sustainability Week (ADSW) and the World Future Energy Summit (WFES), which forms part of ADSW, was Wednesday evening’s Middle East Solar Awards Ceremony, organized by MESIA, the Middle East Solar Industry Association.
The Santiago solar plant, located near the country’s capital city, Santiago, will sell its output to local power distributors and to the spot market.
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