Saudi Arabia Opens Bids for First Utility-Scale 300 MW Solar PV Project

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Riyadh at night: Saudi Arabia wants to diversify its energy production by using solar power. Image: Pixabay

The Renewable Energy Project Development Office (REPDO) at the Ministry of Energy, Industry and Mineral Resources (MEIM) in Saudi Arabia hosted the bid opening ceremony for the Sakaka 300 MW solar PV project, the first project in the National Renewable Energy Program (NREP).

The opening of bids revealed the commercial potential for the first competitively tendered utility-scale solar project in the Kingdom.

 “Today’s bid opening represents a significant milestone for the NREP, and an important step on the way to diversifying Saudi Arabia’s domestic energy mix and building a cutting-edge domestic renewable energy sector, which will create new jobs and opportunities. The commercial viability of utility-scale solar energy projects is a corner stone of the program and the bids opened today will set the benchmark for this burgeoning new industry in the Kingdom and beyond”, said His Excellency Khalid Al Falih, Minister of Energy, Industry and Mineral Resources.

The Request for Proposal (RFP) for the 300MW solar PV project in Sakaka, located in Saudi Arabia’s northern Al Jouf region, was issued on April 17th, 2017. Eight bids were submitted by pre-qualified consortia led by international and regional renewable energy developers.

The bid opening results announced and displayed during the session do not represent bidder ranking or a bidder’s compliance with RFP requirements of the project, nor do they constitute a determination by REPDO of the outcome of the bidding process. REPDO will now evaluate the bids received to verify compliance with the requirements of the RFP.

Bidders will be shortlisted by November 28th, 2017 and the project will be awarded to the winning consortium on January 27th, 2018, backed by a 25-year power purchase agreement. The financial closing date will be February 28th, 2018 and commissioning date is expected during 2019.

 

2017-10-05 | Source: Ministry of Energy, Industry and Mineral Ressources  | solarserver.com © EEM Energy & Environment Media GmbH

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