The Saudi Power Procurement Company (SPPC) announced the shortlisted bidders for the fifth round of solar projects under the National Renewable Energy Program (NREP), overseen by the Ministry of Energy. The projects, totaling 3.7 GW, include the Al-Sadawi (2 GW), Al-Masa’a (1 GW), Al-Henakiyah2 (400 MW), and Rabigh2 (300 MW) projects. The total investment is expected to exceed SAR8 billion (~$2.13 billion). Bidders like Masdar, EDF Renouvelables, SPIC Huanghe Hydropower Development, and others have been shortlisted. The projects will operate under a 25-year Build, Own, and Operate (BOO) model, with each project company entering into a power purchase agreement with SPPC. SPPC had awarded over 19 GW of capacity under NREP to date.
SPPC finalizes bidders for its 3.7 GW Saudi PV projects
The Round 5 solar projects, with an investment exceeding SAR8 billion, include Al-Sadawi, Al-Masa’a, Al-Henakiyah2, and Rabigh2 projects. (Image Credit/Source:Kelly/Pexels)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: NextPower UK)
The project will provide renewable energy to 600 residential subscribers, including low- and moderate-income households, at reduced rates. (Image Source: Chaberton Energy)
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EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)