Saudi Power Procurement Company, also known as the Principal Buyer, has issued a request for qualification (RFQ) for developers interested in participating in the eighth round of solar and wind projects under Saudi Arabia’s National Renewable Energy Program (NREP).
The initiative, which is overseen by the Ministry of Energy, features three projects with a combined generation capacity of 3.2GW.
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The projects include the 900MW Tumair solar photovoltaic (PV) independent power plant (IPP) in Riyadh, the 1GW East Al-Amoah solar PV IPP in Aseer Region, and the 1.3GW Al-Mozeraah wind IPP in Makkah Region.
NREP seeks to increase the proportion of renewable energy and energy storage in Saudi Arabia’s electricity generation mix to about 50% by 2030, depending on the development of electricity demand.
Principal Buyer’s responsibilities include conducting predevelopment studies, organising tenders for power generation initiatives, and entering into power purchase agreements (PPAs) or storage services agreements with selected developers.
The eighth round forms part of broader efforts by Saudi authorities to expand renewable power capacity through tendering.
In August this year, Saudi Power Procurement signed four storage service agreements for battery energy storage system (BESS) projects, delivering a total capacity of 2GW with four-hour storage.
The projects, supervised by the Ministry of Energy, represent an investment of over $1.16bn (SR4.35bn) and mark the first phase of Saudi Arabia’s efforts to improve the reliability and efficiency of its electricity generation network.
The agreements were signed in the presence of Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, Minister of Industry and Mineral Resources, and chairman of the company’s Board of Managers.
