Abdulaziz bin Salman bin Abdulaziz Al Saud, present at the signing of a power supply deal related to the 700MW Ar Rass solar project, said the kingdom is planning a massive renewables drive by the end of next year, according to energy company and Ar Rass developer Acwa Power.
The 1.2 GW, Covid-delayed third round of the kingdom’s clean power program is back up and running, despite the fact the top news story on the relevant government department’s website is dated April 2020.
A 5 MW array is being deployed at a logistics center owned by Stockholm-based real estate specialist NREP.
The PV facility was completed a month and a half ahead of schedule by Saudi energy company ACWA Power. The project will sell power at $0.0236/kWh.
The kingdom has revealed 28 Saudi entities are among the 60 bidders when the first four projects of the second round of its National Renewable Energy Program are offered up in just over a week’s time.
More than 100 domestic developers were interested in the seven-project, 1.515 GW generation capacity second round of the kingdom’s National Renewable Energy Program. That number has been reduced to dozens, according to a briefing note, and a request for proposals is expected within weeks.
More than 100 domestic companies are reportedly in the running for a seven-project portfolio that is expected to generate around $1.5 billion of investment – and they will fancy their chances against overseas developers.
The Renewable Energy Project Development Office is tendering seven large-scale IPP solar projects. The exercise is part of Round 2 of the Saudi National Renewable program, which is expected to allocate almost 2.2 GW of PV capacity this year.
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