And that after the project achieved a record, represented in recording the lowest flat cost of electricity production amounting to $ 0.0199 per kilowatt hour, during the time of the financial closure of the project whose target productive capacity is 400 MW, which means that it exceeds the global reference standards in production cost.
The award is one of the annual International Project Finance Awards (PFI Awards), and was received by the head of the Office of Renewable Energy Development at the Ministry of Energy, Engineer Faisal bin Abdullah Al Yamani, along with the project developers and consultants, at a ceremony held in London and attended by project finance leaders from around the world.
The development of the Dumat Al-Jandal project is the first project to be awarded in the Kingdom to produce electricity from wind energy within the framework of the National Renewable Energy Program, and it is also the largest project of its kind in the region.
It is noteworthy that the same award was previously won by the Sakaka Solar PV Project, which was also launched by the Renewable Energy Projects Development Office in 2017 with a targeted production capacity of 300 MW, which makes this the second year in a row that a national renewable energy project gets An independent international assessment regarding setting the benchmark for renewable energy generation projects in the region.
The national renewable energy program aims to achieve a significant increase in the contribution of renewable energy to the energy mix used to generate electricity in the Kingdom. The Sakaka Solar PV Project and the Dumat Al-Jandal Wind Energy Project are the first phase of the program’s projects.
At the end of 2019 AD, the Renewable Energy Projects Development Office issued tenders for six new projects, within the second phase of the projects, with a targeted production capacity of 1.47 GW.