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May 27, 2021

Companies set to submit bids for 1GW Saudi renewables schemes

Projects part of kingdom's target to build 58.7GW of renewable energy capacity by 2030.

By MEED   

International and local utilities developers and investors are preparing to submit proposals by 3 June for the two Category B contracts under the third round of Saudi Arabia’s National Renewable Energy Programme (NREP).

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According to industry sources, firms that are planning to bid for the contract are expected to include:

  • Acwa Power/Al-Gihaz (local)
  • EDF Renewables (France)
  • Jinko Solar (China)
  • Masdar (UAE)
  • Nesma (local)

It is unclear if Masdar, EDF, Nesma and Jinko are part of the same team or have formed different teams that may include other prequalified bidders.

The category B projects comprise the 700MW solar photovoltaic (PV) independent power project (IPP) in Al-Rass and the 300MW solar PV IPP in Saad.

Earlier this month, Saudi Arabia’s Energy Ministry received three bids for the 200MW category A projects under round three of its NREP.

The category A projects comprise the 120MW Wadi al-Dawasir and 80MW Layla solar PV IPPs.

The bidders are:

  • Acwa Power (local)/Public Investment Fund (local)/State Power Investment Corporation (China)
  • Total Solar (France)/Al-Blagha (local)
  • Alfanar (local)

Energy Ministry’s renewable energy division issued the request for proposals (RFP) for category A and B projects under the third round of NREP in April last year.

It prequalified 49 firms to bid for NREP’s third round. The list includes international, regional and local developers.

The Energy Ministry is overseeing the procurement of 30% of the kingdom’s target to build 58.7GW of renewable energy capacity by 2030.

The ministry is expected to start the procurement process for a wind project in Yanbu and a concentrated solar power (CSP) project by year-end.

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Enter your details here to receive your free Report.

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