Saudi Arabia Invites Bids for 4.5 GW Renewable Energy Projects

The tenders are floated under the National Renewable Energy Program

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The Saudi Power Procurement Company (SPPC), a government-owned entity under Saudi Arabia’s  Ministry of Energy, has released tender documents for the sixth round of the country’s  National Renewable Energy Program (NREP).

The program is led and supervised by the Ministry of Energy.

The latest round has invited bids for solar photovoltaic and wind energy projects with a combined capacity of 4,500 MW.

Round 6 comprises the following projects:

  • 1,500 MW Dawadmi Wind IPP in Riyadh province
  • 1,400 MW Najran Solar PV IPP in Najran province
  • 600 MW Samtah Solar PV IPP in Jizan province
  • 600 MW Ad Darb Solar PV IPP in Jizan province
  • 400 MW As Sufun Solar PV IPP in Hail province

SPPC has invited interested companies and consortia to participate in the competitive bidding process for these projects.

Essential details related to the bid, such as tender fees, Earnest Money Deposit, and Performance Bank Guarantee, have not been specified.

These projects are part of the NREP initiative, which aims to achieve an optimal energy mix and supply 50% of its electricity from renewable sources by 2030.

SPPC handles the pre-development, tendering, and eventual energy procurement from these projects.

So far, SPPC has allocated more than 19 GW of renewable energy capacity under the NREP program.

Last year, SPCC issued a request for qualification for the fifth round of solar projects with a total capacity of 3,700 MW under NREP.

In July, ACWA Power, a Saudi energy company, secured $2.2 billion for the 2,060 MW Al Shuaibah 1 and 2 solar projects with a 35% equity stake, supporting Saudi Arabia’s aim to generate 15.1 TWh of renewable energy annually by 2024.

Saudi Sovereign Fund’s subsidiary Badeel and ACWA Power are investing $3.25 billion to develop 4.55 GW solar projects in the country under NREP.

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