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August 13, 2021updated 12 Aug 2021 12:59pm

Saudi Arabia makes next solar move

The Kingdom aims to build 58.7GW of renewable energy capacity by 2030.

By MEED   

Saudi Arabia plans to appoint an adviser for the next round of solar projects that will be implemented by the Public Investment Fund (PIF).

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
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According to industry sources, the Kingdom’s Ministry of Energy has received bids for the transaction advisory contracts for ten solar photovoltaic (PV) schemes.

The capacities of the planned projects, as well as the preferred procurement model, have not been disclosed.

The Kingdom aims to build 27.3GW of renewable energy capacity by 2024 and 58.7GW by 2030.

The initial plan entails the Energy Ministry, through the Renewable Energy Project Development Office (Repdo), overseeing the procurement of 30% of this target – under the National Renewable Energy Programme (NREP) – via a public tendering process. PIF will deliver the remaining 70% through direct negotiations with investors.

MEED understands that Repdo was restructured last year. It is unclear if the participation of the Energy Ministry in the procurement process for the next PIF projects is related to that restructuring process.

PIF awarded the 1,500MW Sudair solar PV independent power project (IPP), so far the Kingdom’s largest renewable energy project in terms of capacity, to a team led by local utilities developer Acwa Power in April.

The ministry awarded seven solar PV IPP contracts with a collective capacity of 1.47GW, under the NREP’s second procurement round, the same month.

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NREP projects advisory

Following these awards, the Energy Ministry began planning for the procurement of projects under NREP’s succeeding rounds.

MEED reported in July that firms had submitted bids for the transaction advisory contract for these projects, which are understood to involve the development of the planned wind IPP in Yanbu, initially included under round three of NREP, and a concentrated solar power (CSP) IPP, the location and capacity of which are still under discussion.

Meanwhile, the bids evaluation process for the 1.2GW third round of NREP is expected to be completed between August and September.

Repdo awarded two schemes under NREP’s first round: the 300MW Sakaka solar IPP and the 400MW Dumat al-Jandal wind IPP. The Sakaka solar scheme was connected to the electricity grid in 2019, while the Dumat al-Jandal wind farm is expected to enter commercial operations next year.

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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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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