Saudi Arabia moves on rounds 4 and 5 of renewable energy programme
Saudi Arabia’s Renewable Energy Project Development Office (Repdo) is moving ahead with plans for the fourth and fifth phases of its ambitious renewable energy programme, with the body having already started tendering advisory roles on the next two phases
Saudi Arabia’s Renewable Energy Project Development Office (Repdo) is moving ahead with plans for the fourth and fifth phases of its ambitious renewable energy programme, with the body having already started tendering advisory roles on the next two phases.
According to sources close to the programme, Repdo has received proposals from qualified financial advisory firms for the transaction advisory (TA) role on rounds four and five of the kingdom’s National Renewable Energy Programme (NREP).
Saudi Arabia has set an ambitious target of developing 58.7GW of renewable energy capacity by 2030. Repdo will oversee the development of 30 per cent of this through a competitive tendering programme, with the PIF to procure the rest through directly negotiated contracts with investors.
For the third round of Repdo’s programme, the renewable body received bids from three consortiums in May and June this year.
On 3 June, Repdo received proposals from the three groups on 3 June for the larger photovoltaic (PV) solar projects. Category B of the NREP’s third round includes two projects with a total combined capacity of 1GW.
Proposals were received from:
- Acwa Power (local)
- Masdar (UAE)/ EDF Renewables (France) Nesma (local)
- Jinko Power (China)
The Category B projects are:
• Ar-Rass PV independent power producer (IPP), 700MW
• Saad, 300MW IPP
Energy & Utilities reported in May 2021 that Repdo had received bids from three groups for the smaller Category A projects under the third round of the NREP.
Repdo received proposals from the following three consortiums on 3 May for the 120MW Wadi ad-Dawasir and the 80MW Layla photovoltaic (PV) solar projects:
- Acwa Power(local)
- Total Solar (France)/ Al-Blagha (local)
- Alfanar (local)
Repdo has previously stated that only one project will be awarded to a bidder.
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