Dumat Al Jandal wind farm (2019)
Saudi Arabia awarded its first wind project, a 400 MW farm in the north, to a consortium led by EDF Renewables and Masdar. The group reached financial close in 2019 under a power purchase agreement with the state buyer.
The project began supplying the grid in 2021, confirming the independent power producer template worked for wind.
It established the pattern of private developers and international lenders financing Saudi power, later applied to gas assets.
Rabigh 2 uses the same structure: private capital, a long-term power purchase agreement, and lenders underwriting decades of revenue.
