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  1. Market Data
January 28, 2022

Haradh Solar PV Park, Saudi Arabia

By Carmen

Haradh Solar PV Park is a 30MW solar PV power project. It is located in Eastern Province, Saudi Arabia. The project is currently active. It has been developed in multiple phases. The project construction commenced in 2020 and subsequently entered into commercial operation in 2021.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 30 30 Active Eastern Province, Saudi Arabia Engie

Description

The project is developed and owned by Engie. The company has a stake of 100%.

Haradh Solar PV Park is a ground-mounted solar project.

The electricitiy generated from the plant has offsetted 53,000t of carbon dioxide emissions (CO2) a year. The project cost is $18.666m.

Development Status

The project construction commenced in 2020 and subsequently entered into commercial operation in 2021.

Power Purchase Agreement

The power generated from the project is sold to National Agricultural Development under a power purchase agreement. The power is sold at the rate of $0.03kWh for a period of 25 years, starting from 2021. The contracted capacity is 30MW.

About Engie

Engie SA (Engie) is an electric utility. It generates electricity using natural gas, coal, nuclear, hydro, wind, biomass and solar sources, and trades and sells that energy; supplies, distributes, trades and sells natural gas; and offers a comprehensive range of services related to the energy-efficiency. The company operates urban heating and cooling networks, and provides facility management, and other technical and management services. Engie serves customers in Latin America, North America, Europe, Africa, the Middle East, and Asia. It operates conventional and renewable facilities and has interests in various projects under development and construction stages across the world. Engie is headquartered in Paris, Ile-de-France, France.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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