Saudi Arabia Reveals Bidders for 3rd Phase of Renewable Energy Projects

Saudi Arabia Reveals Bidders for 3rd Phase of Renewable Energy Projects

The Saudi Ministry of Energy announced the list of bidders of 1,200 MW Saudi renewable energy projects, consisting of four independent generation projects (IPP).

This phase consists of four independent solar photovoltaic generation projects; with a total capacity of 1,200 megawatts, divided into two categories.

In a statement, the ministry also said that the first category consists of the Wadi Al-Dawasir project; with a capacity of 120 MW and the Laila project with a capacity of 80 MW.

The second category also consists of the Al-Rass project; with a capacity of 700 MW and the Saad project with a capacity of 300 MW.

The ministry added that a Request for Proposal brochure; issued for the two category B projects on April 8, 2020, and the two category A projects on April 22, 2020. Three bids submitted for each of the four projects during the second quarter of 2021.

The winning bids will also sign power purchase agreements for a period of 25 years with the Saudi Energy Procurement Company. ACWA Power, French Total Solar Company and AlFanar Energy Company were among the bidders.

All four projects are necessary to comply with local content requirements based on the mechanisms; identified by the Local Content and Government Procurement Authority, the ministry underlined.

This also comes as part of the efforts of the Ministry of Energy to achieve the objectives of the Custodian of the Two Holy Mosques’ renewable energy initiative.

The initiative aims to increase the percentage of renewable energy to reach the optimal mix; raise the efficiency of the electricity sector. Besides, achieving environmental goals by reducing carbon dioxide emissions; as well as the economic goals of reducing dependence on liquid fuels in electricity production.