EXCLUSIVE: Saudi Arabia receives four bids for 1.4GW second solar round
Saudi Arabia’s Renewable Energy Project Development Office (Repdo) received bids from four groups for the Category B projects under the second round of its National Renewable Energy Programme (NREP).
The bidders are:
* Acwa Power (local)/ GIC (Kuwait)
* Marubeni (Japan)
* Masdar (UAE)/ EDF (France)/ Nessma (local)
* Total (France)/ Al-Gihaz (local)
The four Category B projects under the second round have a combined capacity of 1.4GW, and will all be developed as independent power producer (IPP) projects.
Second round projects (Category B)
• Al-Faisaliah solar IPP; PV solar Mecca Province 600MW
• Jeddah solar IPP PV; solar Jeddah Province 300MW
• Rabigh solar IPP PV;solar Mecca Province 300 MW
• Qurayyat solar IPP; PV solar Al-Jawf Province 200 Bidding
The second round also includes two smaller PV projects under category A:
• Medina solar IPP; PV solar Medina Province 50MW
• Rafha solar IPP; PV solar Northern Borders province 20MW
Repdo prequalified 60 firms to participate in the bidding process for the second round of the NREP. The prequalified firms include managing partners, technical members and local managing members for category A projects and managing and technical members for category B schemes.
Repdo’s advisers for the second and third rounds are Japan’s Sumitomo Mitsui Banking Corporation (SMBC) as lead and financial adviser, Germany’s Fichtner as technical adviser and the UK’s DLA Piper as legal adviser.
Repdo recently invited developers to prequalify for the third round of the NREP, which is planned to include four PV solar projects with a total combined capacity of 1.2GW. Developers have until 6 February to submit prequalification documents.
Saudi Arabia has set an ambitious target to install 58.7GW of renewable energy capacity by 2030, with Repdo to oversee the development of 30 per cent of this though a competitive IPP tendering programme.
Energy & Utilities - Middle East and Africa Market Outlook Report 2024.
This must-have report for industry players offers a thorough understanding of the latest developments, challenges, and opportunities in the region, supported by data, analysis, and expert insights.
E&U Podcast
Subscribe to our Market Talk podcast for the latest on the key issues and trends in the energy and utilities sector
