The Renewable Energy Project Development Office (REPDO) of Saudi Arabia has shortlisted ACWA Power and a consortium led by Marubeni for a tender to build a 300MW solar plant in the country.
The consortium comprises Khaled Ahmed Juffali Energy & Utilities and Axia Power.
The proposed solar plant will be built in Sakaka, Al Jouf, as part of Round 1 of the National Renewable Energy Programme (NREP).
The NREP is a strategic initiative under Vision 2030 and the National Transformation Programme (NTP) that seeks to increase the share of renewable energy capacity in the total energy mix to 9.5GW by 2023.
REPDO stated: “All eight bids that were submitted have been subjected to a detailed evaluation of material compliance to request for proposal (RFP) requirements, including the 30% local content component for Round 1 NREP projects.
“All companies that have submitted bids for R1 Sakaka PV RFP are invited to participate in future projects of the NREP.”
The new plant in Sakaka is expected to be awarded to a preferred bidder in January this year. Financial closing is expected to be completed by February.
In addition, a 25-year power purchase agreement (PPA) will be signed for the plant with the Saudi Power Procurement Company (SPPC).