Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, launched its new renewable energy tenders this week.
The Kingdom has invited international and domestic companies to submit bids on one solar plant and one wind power plant .
Under the first 700MW round, solar will make up 300MW of the tender with the remaining 400MW made up by wind.
The solar projects will be developed at a site near the city of Sakaka with the wind capacity being developed at a site in the Tabuk province in northwest Saudi Arabia. Both sites have undergone full pre-development work.
Successful bidders will develop the solar and wind projects under a ‘Build, Own and Operate’ agreement using one special purpose company. The Renewable Energy Project Development Office (REPDO) requires both the solar and wind projects to be financed through the raising of limited or non-recourse debt facilities.
Bidders are invited to submit a Statement of Qualifications to REPDO by no later than 15:00 hrs (KSA time) on the 20 March 2017.
For more information from the REPDO please click here.