The deals signed with investment firm Marubeni and Siraj Energy, a joint venture of Qatar Petroleum and Qatar Electricity & Water Company, has established Siraj 1 SPV which will develop and operate the 800MW solar PV project in Doha.
The project Al Kharsaah was awarded to Total and Marubeni as the result of the country’s first solar tender.
The project is expected to be operational by 2021 with an initial 350MWp capacity before reaching its full capacity in 2022.
To be built on 1,000 hectares of land, the $500 million project will comprise 2 million bifacial solar modules to produce energy equivalent to 10% of the country’s peak demand.
The plant is expected to reduce carbon emissions by 26 million tons.
The project benefits from a 25-year power purchase agreement to supply electricity to the offtaker Kahramaa.
Patrick Pouyanné, the CEO of Total, said: “We are proud to pioneer the development of the first large-scale solar power plant in Qatar and support the country’s assertive commitment to developing renewable energy. Together with our partners, we will bring the best of our expertise and technical know-how to deliver one of the most competitive projects in the world.
“Al Kharsaah, Total’s largest solar project to date, will contribute to our ambition to deploy 25GW of renewables by 2025. This project further strengthens our long-term partnership with Qatar in oil, natural gas, refining and petrochemicals and expands it to include renewable energy. It is a very clear symbol of the strategy of Total to become a global energy company.”
Total has set a goal to have 15% to 20% of its sales coming from low-carbon businesses by 2040.