EWEC obtained 4 proposals for the 1.5 GW Al-Ajban photo voltaic mission. The tender was first launched in Could 2022.

The proposals got here from Saudi Arabian vitality large ACWA Energy, French utility EDF, Japan’s Marubeni, and a consortium fashioned by China-based Jinko Energy and Japanese vitality producer JERA.

“EWEC obtained 43 expressions of curiosity from potential bidding corporations and consortia, with 19 qualifying for the RFP stage after submitting Statements of Qualification,” EWEC stated. Subsequent, the proposals will undergo an in depth technical and industrial analysis course of to pick the most effective proposal. The awarding announcement and the execution of the facility buy settlement are anticipated to happen on [the fourth quarter of] 2023.”

In January, the utility stated it will signal a long-term energy buy settlement with the chosen developer. The PPA shall be structured as an vitality buy settlement, the place EWEC will solely pay for the web electrical vitality offered by the photo voltaic plant. It didn’t disclose a deadline for its channel proposals.

Bidders are anticipated to handle the event, financing, development, operation, upkeep and possession of the plant. The profitable developer will take a 40% stake within the mission, with the rest held not directly by the Abu Dhabi authorities.

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