The three project companies — all joint ventures between local and international enterprises — agreed to sell the output for $107.5/MWh under a 20-year term. EDL previously offered a tariff of $113/MWh, but changed its mind.
The government issued conditional permits to the projects — 82MW Sustainable Akkar, 60MW Hawa Akkar and 60MW Lebanon Wind Power — last summer.
The developers now have 18 months in which to complete contract conditions, including environmental impact assessments, grid impact studies, geo-technical and engineering studies, and carry out a bankable wind measurement campaign in order to reach financial close.
Commercial operation is slated for 2020.
In a related move, the government has also called for expressions of interest (EOI) for another four projects of 50-100MW each, totalling 200-400MW overall, to be submitted by 12 April. The projects will again be completed under a build-own-operate basis, with the choice of location up to developers.
Winners will be offered a PPA "based on the lowest price received from the lowest bidder in all Lebanon with a sound administrative, technical and environmental proposal", the energy ministry said.