India’s Larsen & Toubro has announced plans to provide EPC services to support the deployment of 300 MW of solar in Saudi Arabia, under a contract with a consortium involving Masdar, EDF Renewables, and Saudi Arabia’s Nesma.
Larsen & Toubro is set to work on the 1.5 GW Sudair plant – the largest solar project in Saudi Arabia to have a signed power purchase agreement in place. Upon completion, it will also be one of the biggest PV installations in the world.
The French energy company said the project will come into operation in 2022. It will sell power to the Saudi Power Procurement Company under a 25-year PPA.
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.
Saudi Arabia’s futuristic Neom City will not use the cheapest sources of renewable energy, but those with the best chances of being dispatched, due to the storage potential of concentrated solar power. But several issues must be addressed to make the tech viable.
The regulations will force power distributors to give more help to homeowners and businesses willing to go solar. The new framework will apply to PV systems ranging in size from 1 kW-2 MW and to all energy consumers.
The shortlisted developers are EDF, Total, ACWA Power, Masdar, First Solar, Marubeni, and Al Blagha Holding.
The Renewable Energy Project Development Office has prequalified 49 developers for the tender. Four large-scale solar projects will be built via the procurement exercise.
With the third procurement round of the kingdom’s National Renewable Energy Program, the Renewable Energy Project Development Office is tendering four large-scale solar projects. Successful bidders will have to include at least 17% local content in their facilities.
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.