Firms prepare final Saudi solar offers

MEED    17 April 2020 (Last Updated April 17th, 2020 10:23)
Firms prepare final Saudi solar offers

Saudi Arabia has shortlisted two bidders for the 600MW Al-Faisaliah solar photovoltaic independent power project

Two teams that have been shortlisted for the 600MW Al-Faisaliah solar photovoltaic (PV) independent power project in Saudi Arabia are preparing to submit their best and final offer (BAFO) for the contract on 19 April.

The UAE’s Masdar and local Acwa Power are leading the teams.

Saudi Arabia’s Renewable Energy Project Development Office (Repdo) said the two teams’ levelised cost of electricity (LCOE) offers in the initial bid were ‘extremely close, and the difference in LCOEs was within the statistical margin of error’.

Repdo said it plans to announce the results of the BAFO this month.

The 600MW Al-Faisaliah solar IPP scheme is the largest of four Category B projects under round two of Saudi Arabia’s National Renewable Energy Programme (NREP), overseen by Repdo.

The shortlisted firms and their LCOE offers, in halalas per kilowatt-hour (kWh), for the three other category B schemes include the following:

300MW Jeddah solar PV

  • Masdar (UAE) / EDF Renewables (France) / Nesma (local): SR6.090
  • Acwa Power (local) / GIC (Kuwait) / Al-Babtain (Kuwait): SR6.215

 300MW Rabigh solar PV

  • Marubeni (Japan) / Al-Mowaih (local): SR6.381
  • Acwa Power (local) / GIC (Kuwait) / Al-Babtain (Kuwait): SR6.597

200MW Qurayyat solar PV

  • Acwa Power (local)  /GIC (Kuwait) / Al-Babtain (Kuwait): SR6.688
  • Total Solar (France) / Al-Gihaz (local) / Altaqaa (local): SR6.785

Four teams submitted bids for each category B project.

Repdo also announced receiving two bids each for the two category A projects under round two. The teams and their LCOE offers are:

Medina 50MW solar PV

  • Al-Blagha / Alfanar / Desert Technologies: SR7.275
  • First Solar / Mowah: SR11.35

 Rafha 20MW solar PV

  • Al-Blagha / Alfanar / Desert Technologies: SR13.07
  • First Solar / Mowah: SR19.04

Repdo’s second-round advisers are Japan’s Sumitomo Mitsui Banking Corporation (SMBC) as lead and financial adviser, the UK’s DLA Piper as legal adviser and Germany’s Fichtner as a technical adviser.

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