Saudi Arabia plans 2.6 GW solar park near Mecca
The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Only 600 MW of the project will be tendered by the REPDO, while the remaining 2 GW will be built by the country’s Public Investment Fund along with its partners.
Saudi Arabia’s 1.5 GW tender attracted more than 250 companies
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.
Saudi Arabia launches tender for 1.5 GW of solar capacity
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.
ACWA wins Saudi Arabia’s 300 MW solar tender
The Saudi energy company submitted the second lowest bid, an LCOE of 0.08872 SAR ($0.0236) per kWh, while the excluded competitor, a consortium led by Japan’s Marubeni, had offered 0.09976 SAR ($0.0266) per kWh.
Saudi Arabia announces shortlist for 300 MW tender, excludes lowest bid
Shortlisted bidders are Saudi energy company, ACWA and Japanese trading company, Marubeni, which submitted the second and third lowest bids, respectively. The lowest bid, which was proposed by consortium formed by UAE-based Masdar and French energy giant, EDF and could have become the world’s cheapest offer for solar energy, was excluded from the auction.
