Qurrayat Solar PV Park is a 200MW solar PV power project. It is planned in Al Jawf, Saudi Arabia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 200 | – | 200 | Permitting | Al Jawf, Saudi Arabia | International Company for Water and Power Projects |
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Description
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The project is being developed by International Company for Water and Power Projects. The project is co-owned by Gulf Investment and International Company for Water and Power Projects, with their respective ownership stake of 33% each.
Qurrayat Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $156m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Saudi Power Procurement under a power purchase agreement for a period of 25 years.
About International Company for Water and Power Projects
International Company for Water and Power Projects (ACWA Power) 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 coal, thermal, 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.
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.
