Saudi Arabia´s renewable energy tenders announced | 4.1GW in 2018

Turki Al Shehri, head of Saudi Arabia's  REPDO (Renewable Energy Project Development Office) announced on January 16th during WFES in Abu Dhabi that new renewable energy projects totalling 4.1 GW will be tendered this year.  Among them, 3.3 GW of solar PV and 800 MW of wind.  Most likely, these correspond to eight projects and will be put out to tender in two separate rounds. These projects are part of the Kingdom's 9,5 GW of renewable energy to be deployed by 2023.  The first projects 300MW of solar PV and 400MW of wind, were put out to tender in 2017 and…continue reading →

New Solar PV world record low price – Results of Saudi NREP Sakaka Solar PV Bid Opening

The Renewable Energy Program Development Office (REPDO) announced today from Riyadh, in a public opening, the bidders and commercial offers received for the first Solar PV plant of the NREP, Sakaka 300MW.  A total of 8 bids were received.  MASDAR offers a world record low of 1,786 cUSD/kWhr. Abu Dhabi Future Company (MASDAR):  6,69736 cSAR = 1,786 cUSD ACWA Power: 8,7815 cSAR = 2,342 cUSD Marubeni Corporation: 9,976 cSAR = 2,66 cUSD Engie: 10,393 cSAR = 2,772 cUSD JGC Corporation-Trina: 10,44139 cSAR = 2,784 cUSD Mitsui & Co.: 10,71 cSAR = 2,856 cUSD Total-Alfanar: 10,72174 cSAR = 2,859 cUSD Cobra Instalaciones…continue reading →

Saudi Arabia Announces Qualified Companies for Round 1 NREP

The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, announced today the qualified companies for round one of the National Renewable Energy Program (NREP). The qualified bidders have been identified based on a clear set of criteria that ensures bidders are both experienced and capable of delivering utility scale renewable energy projects.  The list includes 27 companies for the 300MW solar PV project, and 24 companies for the 400MW wind farm. The qualified companies will proceed to the RFP stage as either ‘managing members’, ‘technical members’ – or both…continue reading →

Saudi Arabia Renewable Energy Investment Forum | April 17-18 Riyadh

The Ministry of Energy, Industry and Mineral Resources (MEIM) and The Renewable Energy Project Development Office (REPDO) announced today the first annual Sadi Arabia Renewable Energy Investment Forum (SAREIF) to take place on April 17th and 18th at the Four Seasons Hotel in Riyadh.  This event coincides with the RFQ presentation for the first 300 MW PV and 400 MW Wind program under REPDO.  The Forum seeks to accelerate the Kingdom’s renewable energy deployment program by bringing together leading energy and economic voices from within Saudi Arabia and globally.  SAREIF will connect the Kingdom’s vast renewable…continue reading →

Saudi Arabia’s REPDO launches 300MW PV & 400MW Wind tenders

Saudi Arabia's Renewable Energy Development Program Office (REPDO), has published today the details of Sakaka 300MW PV and Midyan 400MW wind projects.  The RFQ, which closes on  March 20th, will be followed by a list of pre-qualified bidders by April 10th.  This is the official launching of the 9,5GW target by 2023 and 3,45GW by 2020 recently announced by Minister Khalid Al-Falih.  These projects will be on a Build Own and Operate (BOO) model with 20 and 25-year PPAs signed with an off-taker backed-up financially by SEC.  Read detailscontinue reading →

New tender in Jordan for 300MW

Jordan’s Minister of Energy and Mineral Resources Ibrahim Seif announced during the Solar Energy Trade Mission organized by MESIA (Middle East Solar Industry Association), the third round of Direct Proposal Submissions for the design, financing, construction, commissioning, ownership, operation and maintenance of 200MW of Solar PV and 100MW Wind power plants in Jordan.  Read morecontinue reading →

Middle East firms increase appetite for solar PV opportunities

Some Middle East firms are shifting their interest from conventional power generation to renewable energy, specially solar PV.  They see some advantages against international companies such us on-the-ground experience developing energy projects, they understand the local electricity grid, regulations as well as  incentive structures.  Read morecontinue reading →

ADWEA (Abu Dhabi) to sign 350MW solar PV PPA

ADWEA received six bids for the 350 MW solar PV plant in Sweihan.  The lowest bid, with a plant of over 1GW, come from the consortium of JinkoSolar-Marubeni at a record price of 2.42 US cents/kWh.  Masdar's proposal was the second-lowest at 2.53 US cents/kWh.  ADWEA plans to sign the PPA by March 2017.  Read morecontinue reading →

KSA solar PV plans attract the attention of investors

Private investors show interested in Saudi Arabia's solar energy market following the inclusion of renewable energy as a key factor within the Saudi Vision 2030 transformation plan.  Saudi Vision 2030 also includes Saudi administration's goal to opening doors to the private sector and international investment.  Read morecontinue reading →