Under its third round of the National Renewable Energy Programme (NREP), Saudi Arabia’s Renewable Energy Project Development Office (Repdo) received bids from three groups for the Category A projects.
Repdo received bids from Acwa Power(local),Total Solar (France)/ Al-Blagha (local) and Alfanar (local)for its 120MW Wadi ad-Dawasir and the 80MW Layla photovoltaic (PV) solar projects. As earlier stated by Repdo, only one project will be awarded to a bidder.
24th May is the final bid submission date for the three larger Category B projects under the third round, which have a combined capacity of 1GW. The Category B projects include Ar-Rass(700MW) and Saad (300MW). Each project will be developed under a build-own-operate (BOO) model, with the successful bidder holding 100 per cent equity in the special purpose vehicle (SPV) set up to develop and operate the IPP.
A 25-year power purchase agreement (PPA) will be signed by the SPVs with the kingdom’s offtaker. Land for the projects will be secured by Repdo and provided to the project company under sub-lease agreements.