Saudi Arabia receives four bids for 1.4 GW second solar round
Saudi Arabia's Repdo received bids from four groups for the Category B projects under the second round of its National Renewable Energy Programme (NREP).
Saudi Arabia
Saudi Arabia: Saudi Arabia’s Renewable Energy Project Development Office (Repdo) received bids from four groups for the Category B projects under the second round of its National Renewable Energy Programme (NREP).
The bidders are: Acwa Power / GIC, Marubeni, Masdar / EDF / Nessma, and Total / Al-Gihaz.
The four Category B projects under the second round have a combined capacity of 1.4 GW, and will all be developed as independent power producer (IPP) projects.
Repdo prequalified 60 firms to participate in the bidding process for the second round of the NREP. The prequalified firms include managing partners, technical members, and local managing members for category A projects, and managing and technical members for category B schemes.
Repdo’s advisers for the second and third rounds are Japan’s Sumitomo Mitsui Banking Corporation (SMBC) as lead and financial adviser, Germany’s Fichtner as technical adviser, and UK’s DLA Piper as legal adviser.
In February, Repdo started the prequalification process for the third round of the NREP, which is planned to include four PV solar projects with a total combined total capacity of 1.2 GW. Saudi Arabia has set an ambitious target to install 58.7 GW of renewable energy capacity by 2030, with Repdo to oversee the development of 30 % of this tough and competitive IPP tendering programme.
Source: Middle East Energy Dubai, Daily News