The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy has received bidders proposals for Round 3 Category “A” Solar PV Projects of capacity 200MW, which are part of National Renewable Energy Program (NREP).
Repdo received proposals from the following three consortiums:
- ACWA Power, Saudi Arabia
- Total Solar, France and Al-Blagha Holding Group, Saudi Arabia
- Alfanar, Saudi Arabia
Category A will consist of two projects of total Capacity 200MW
- Layla Solar PV IPP with a capacity of 80 MW to be located in the Aflaj Province, approximately 300 km from Riyadh city
- Wadi Al Dawaser Solar PV IPP with a capacity of 120 MW to be located in the central Province, approximately 600 km from Riyadh city
REPDO is being advised by Sumitomo Mitsui Banking Corporation (DIFC Branch) – Lead and Financial Adviser, DLA Piper Middle East LLP – Legal Adviser and Fichtner GmbH & Co. KG – Technical Adviser for this project.
All projects tendered by The Ministry of Energy are 100% IPPs backed by 25-year Power Purchase Agreements (PPA) with the Saudi Power Procurement Company (SPPC) as offtaker.
Category B of projects with total Capacity 1000MW is due for submission on 24 May 2021
Read Also: Saudi Arabia signed Power Purchase Agreement for 2,970MW Solar PV Projects
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