The 1.2 GW, Covid-delayed third round of the kingdom’s clean power program appears to be 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.
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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