Bahrain Solar PV Park is a 100MW solar PV power project. It is planned in Southern, Bahrain. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2026. Buy the profile here.
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Description
The project is being developed by Acwa Power, Mitsui and Vision Invest. Acwa Power, Mitsui and Almoayyed International Group are currently owning the project having ownership stake of 60%, 30% and 10% respectively.
Bahrain Solar PV Park is a ground-mounted solar project which is planned over 2,000,000 square meters.
Development status
The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2026.
Power purchase agreement
The power generated from the project will be sold to Electricity & Water Authority under a power purchase agreement. The power will be sold at the rate of $0.039kWh for a period of 20 years. The capacity to be procured is 100MW.
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Contractors involved
The First National Operation & Maintenance is expected to perform operations and maintenance for the solar PV power project.
For more details on Bahrain Solar PV Park, buy the profile here.
About Acwa Power
Acwa Power Co (Acwa Power), formerly International Company for Water and Power Projects, is a developer, investor, and operator of power generation, renewable energy and desalinated water production plants. It supplies electricity and potable water to its customers in the region. It generates power through oil, gas, solar and wind technologies. Acwa Power also offers operation and maintenance services to power and water desalination industry through its subsidiary, the First National Operations & Maintenance Company. The company has operations across the Middle East, Africa and Asia. Acwa Power is headquartered in Riyadh, Saudi Arabia.
About Mitsui
Mitsui & Co Ltd (Mitsui) is a business conglomerate. It distributes, purchases, markets and supplies wide variety of products in business areas including iron and steel; non-ferrous metals; machinery; electronics; chemicals; energy-related commodities; foods & retail, lifestyle, and consumer service. The company also participates in the other activities such as arranging finance for customers and suppliers in connection with its trading activities, organizing and coordinating international industrial projects, participating in financing, and investing arrangements, assisting in the procurement of raw materials and equipment, providing new technologies and processes for manufacturing and coordinating transportation and marketing of finished goods. It operates in the Americas, EMEA and Asia-Pacific. Mitsui is headquartered in Tokyo, Japan
About Vision Invest
Vision Invest (Vision) is a development and investment holding company at the forefront of public and private sector partnerships in the kingdom of saudi arabia. The company has nurtured synergetic partnerships with leading local, regional, and global partners and refined a boutique investment model. It provides audits, risk management, impact investments, and consulting services. Vision is headquartered in Ar Rabi, Riyadh, Saudi Arabia.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
