Saudi Receives Lowest Bid Of $0.0161/kwh For Its 1.47 GW Tender

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The Saudi Arabia Renewable Energy Project Development Office (REPDO) announced the bids received for Round 2 of the National Renewable Energy Program. The project is under the Kingdom’s National Renewable Energy Program (NREP) and has been divided into two categories – Category A and Category B.Round 2 consists of 6 projects (Al Faisaliah, Jeddah, Rabigh, Qurayyat, Madinah & Rafha) which includes four solar plants of 1.4 GW and two PV facilities of 70 MW and successful bidders will be awarded 25-year power purchase agreements. A source said that” Bids for all projects have been announced except for Al-Faisaliah which will be announced later this month.”

The Renewable Energy Project Development Office (REPDO) stated that Prospective developers submitted four bids for the first of the two tenders, which was launched in July. 

For the project at Madinah PV IPP (50 MW), Al Blagha submitted LCOE of SAR0.0727533/kwh, whereas First Solar has submitted LCOE of SAR0.011.35/kwh.

For Rafha PV IPP (20MW) Al Blagha and First Solar submitted LCOE of SAR0.0130772/kwh and 0.01904/kwh respectively.

For the above-mentioned projects, REPDO has shortlisted both the bidders.

For the project at Jeddah PV IPP (300 MW), MASDAR, ACWA Power, Marubeni, and Total Solar submitted LCOE of SAR0.0609042/kwh, 0.06215/kwh, 0.06333641/kwh, and 0.0678297/kwh respectively.REPDO has shortlisted Masdar and ACWA Power for this project.

For the project at Rabigh PV IPP (300 MW), MASDAR, ACWA Power, Marubeni, and Total Solar submitted LCOE of SAR0.0595664/kwh, 0.06597 /kwh,0.06381138 /kWh and 0.0668457 /kwh each. The shortlisted bidders for this project are Marubeni and ACWA Power.

For the project at Qurayyat PV IPP (200 MW), MASDAR, ACWA Power, Marubeni, and Total Solar submitted LCOE of SAR0.0627392/kwh, 0.06688/kwh, 0.06453922/kwh and 0.0678555 /kwh individually. The lowest bid for this project was submitted by ACWA Power And Total Solar.

Launched in 2017, REPDO tendered the first round of renewable energy projects which included the Sakaka 300 MW solar PV project, now connected to the national electricity grid, and Dumat Al Jandal 400 MW wind project, currently under construction. 

On July 18th, 2019, REPDO launched Round Two of the NREP which consisted of six solar PV projects amounting to 1,470 MW. 

ON 9th January, the Renewable Energy Project Development Office of Saudi Arabia’s Ministry of Energy has issued the request for qualifications (RFQ) for Round Three of the Kingdom’s National Renewable Energy Program (NREP) which comprises four Solar PV projects with a combined generation capacity of 1,200 MW. Round Three projects will be divided into two categories: “Category A” which targets smaller companies, includes Layla 80 MW solar PV and Wadi Al Dawaser 120 MW solar PV projects, while “Category B” includes Saad 300 MW solar PV and Ar Rass 700 MW solar PV projects. 

Saudi Arabia’s National Renewable Energy Program (NREP) is a long term, multifaceted renewable energy program designed to balance the domestic power energy mix, whilst implementing KSA’s Nationally Determined Contribution (NDC) to avoid carbon and other greenhouse gas emissions. The NREP is managed and executed by the Ministry of Energy, directly supporting Saudi Arabia’s Vision 2030 which includes establishing the renewable energy industry, supporting the advancement of this promising sector and reducing carbon dioxide emissions.

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