Applications & Installations

Saudi Arabia’s second PV tender draws world record low bid of $0.0104/kWh

The record low price was offered for the 600 MW Al Shuaiba PV IP project, which competed in the second round of the country’s procurement scheme for renewable energies.

Emiliano Bellini

08 Apr 2021

Image: Pixabay

The crown prince of Saudi Arabia, Mohammad bin Salman bin Abdulaziz, revealed today that power purchase agreements for seven large-scale solar power projects in various regions of the Kingdom were signed by the government and several undisclosed developers.

“The output capacity of these projects, in addition to the projects of Sakaka and Dumat Al-Jandal, will amount to more than 3,600 MW,” he said in a statement, adding that one of the projects – the 600 MW Al Shuaiba PV IP project – will sell power at a world record low price of $0.0104/kWh. The project was selected by the Ministry of Energy in Round 2 of the procurement scheme that is being held under the umbrella of the country’s National Renewable Energy Program (NREP).

The 3.6 GW of capacity refers to the cumulative installed power that was assigned through the first two rounds of the scheme, including the Sakaka solar plant, which was connected to the grid in November 2019, and the 1.5 GW Sudair project, which is being developed in direct negotiations with the Saudi authorities.

“More renewable energy projects will follow across the Kingdom, which we will announce when the time comes,” the crown prince stated, without providing further details on the results of Round 2.

The second round of the program initially drew 250 bidders. In July, REPDO said the number of bidders it had narrowed the bidders down to 60 companies, including 28 that were based in Saudi Arabia.

*The headline was amended on April 8 to reflect that the price is per kWh.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

More about

Written by

Emiliano Bellini
View author posts

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Comments

Please login to comment

Μπορούν οι έξι χώρες του Κόλπου να επιτύχουν τα φιλόδοξα σχέδιά τους για την ανάπτυξη των ΑΠΕ έως το 2030; – Geopolitika.gr

Apr 20, 2024

[…] [11] https://www.pv-magazine.com/2021/04/08/saudi-arabias-second-pv-tender-draws-world-record-low-bid-of-… […]

Data goes green: who will win from big data’s sustainability shift? – Apricum – The Cleantech Advisory

Mar 09, 2023

[…] [17] https://www.pv-magazine.com/2021/04/08/saudi-arabias-second-pv-tender-draws-world-record-low-bid-of-… […]

▷ Los Mitos Y Verdades Que Rodean La Reciente Subasta De Energía Renovable De Sudáfrica

Jan 16, 2022

[…] regularmente precios similares o incluso más bajos.Se pueden encontrar ejemplos en Kazajistán, Arabia Saudita, Portugal, Chile, Abu Dhabi, Esta nosotros, Brasil y UzbekistánEsto es, por supuesto, sin los […]

Myths and truths around South Africa’s recent renewable energy auction

Nov 10, 2021

[…] like these or even lower in the past two or three years. Examples can be found in Kazakhstan, Saudi Arabia, Portugal, Chile, Abu Dhabi, the US, Brazil and Uzbekistan. That’s of course without the […]

Saudi Energy Giants Join The Green Revolution – JackRabbit Development, LLC.

Apr 30, 2021