Acwa Power has achieved financial closes of the Ar Rass solar PV and the Al Shuaibah 1 and Al Shuaibah 2 solar PV projects, which form a part of Saudi Arabia’s National Renewable Energy Programme (NREP). (October 2023)

• Client has issued a tender for technical, financial and legal consultants to advise on a new renewables project. Bids are due to be submitted by mid of August. (July 2016)  
• Bids have been submitted for the technical, financial and legal consultancy roles on the project. (August 2016)
• Saudi Arabia is preparing to launch 700MW of renewable energy projects which will consist of 300MW photovoltaic (PV) solar projects and 400MW wind schemes, to be developed under the independent power project (IPP) model. (January 2017)
• The energy ministry has appointed Sumitomo Mitsui Banking Corporation (SMBC) of Japan as financial adviser, DLA Piper of UK as legal adviser and the Fichtner of Germany as engineering and technical adviser on the project. (February 2017)
• Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources pushes ahead with the initial 700MW of the first 3.45GW of the kingdom’s National Renewable Energy Programme (NREP). The ministry will issue request for pre-qualification (RFQ) documents on 20 February, 2017, and request for proposals (RFPs) to pre-qualified bidders on 17 April, 2017. (February 2017)
• The pre-qualification documents have been issued for the initial 700MW of NREP. Developers will have time until 20 March, 2017 to submit pre-qualification entries. Request for proposals (RFPs) is expected to be issued to pre-qualified bidders on 17 April, 2017, with the bids coming in by July 2017. (February 2017)
• More details have emerged for the next two rounds of NREP. The second round is planned to consist of 1,020MW at eight locations, with the third round set to contain 1,340MW of projects at 12 separate locations. (February 2017)
• About 34 companies have been pre-qualified for the initial 700MW Renewable Energy Projects. (April 2017)
• Saudi Arabia is planning to begin the prequalification process for the first projects under the second round by the end of 2017. It will include a 400MW wind project at Doumat al-Jandal and several additional solar projects with a total capacity of 620MW. (April 2017)
• The pre-qualified companies have been invited to bid for the planned 300MW photovoltaic (PV) solar project at Sakara in the Al-Jouf province. Last date to submit bids is 11 September, 2017. The contract is expected to be awarded by the third week of November. The project is expected to be commissioned by August 2019. (April 2017)
• Tender for the 400MW wind project is expected to be issued in May 2017. (April 2017)
• The project location of first major wind project is likely to be changed. (June 2017)
• The pre-qualification process has been reopened for a 400MW wind project in Dumat al-Jandal in Al Jouf region. Last date to submit the RFQs is 10 August, 2017. (July 2017)
• The bids submission deadline has been extended to 2 October, 2017 from the previous deadline of 11 September, 2017 for the planned 300MW PV solar project at Sakara in the Al-Jouf province. (August 2017)
• RFP has been issued for 400MW Dumat al-Jandal wind power project. It is set to close on 25 January, 2018. Companies that qualified as managing and technical members for the 400MW wind project are: Abu Dhabi Future Energy Company of Masdar, ACCIONA Energia Global of Spain, Cobra Instalaciones y servicios of Spain, EDF Energies Nouvelles of France, Enel Green Power of Italy, Enercon, GE, International Power SA, Dubai Branch (ENGIE), Korean Electric Power Corporation (KEPCO) of South Korea, Marubeni Corporation of Japan, Mitsui of Japan, Siemens Project Ventures, Sumitomo Corporation, and Toyota Tsusho Corporation (TTC). Companies that qualified as managing member are: Acwa Power of Saudi Arabia, JGC Corporation, SNC-Lavalin Arabia of Canada, and Sojitz Corporation of Japan. Companies that qualified as technical member are: Akuo Energy, Elecnor, Martifer Renewables (MTR), Nordex Acciona Windpower, Vestas Middle East, and Xinjiang Goldwind Science & Technology Co (Goldwind). (August 2017)
• Bids have been submitted for the development of 300MW photovoltaic (PV) solar project. The bidders are: Abu Dhabi Future Energy Company of Masdar, Acwa Power of Saudi Arabia, Cobra Instalaciones y servicios of Spain, Engie of France, JGC Corporation of Japan, Marubeni Corporation of Japan, Mitsui of Japan, and Total Energies Nouvelles Activities USA of France/US. Masdar has submitted the lowest bid price of SAR 0.0669736/kWh (US$1.786 cents). (October 2017)
• Repdo is still evaluating proposals for the 300MW Sakaka solar project to be developed under Kingdom’s NREP. (December 2017)
• Bids submission deadline has been extended to 20 March, 2018 for 400MW wind power project in Dumat al-Jandal in Al Jouf region. (December 2017)
• Client seeks clarifications from bidders for the planned development of 300MW photovoltaic (PV) solar project. The contract is expected to be awarded in the third week of this month. (January 2018)
• Two bidders have been shortlisted bidders for the planned development of 300MW PV solar project at Sakara. They are - Acwa Power of Saudi Arabia and Marubeni Corporation of Japan. (January 2018)
• Contract for the planned development of 300MW photovoltaic (PV) solar project at Sakara has been awarded to Acwa Power of Saudi Arabia. The developer signed a 25-year power-purchase agreement for the solar independent power project (IPP) for a world-record tariff of 2.34 $cents a kilowatt hour ($c/kWh). The project will require an investment of $302 million. (February 2018)
• Bids submission deadline has been extended for a second time for the 400MW wind power project. It is now 17 April, 2018. (March 2018)
• Bids have been submitted for the Kingdom’s first utility-scale 400MW wind power project in Dumat al-Jandal in Al Jouf region. The bidders are - Acwa Power, Electricite de France, Enel, and Engie’s International Power. (April 2018) 
• The contract on the 400MW wind power project in Dumat al-Jandal in Al Jouf region is set to be awarded in December, 2018. Four prequalified bids were submitted for the $500 million project by pre-qualified consortiums led by international and regional renewable energy developers ACWA Power, EDF Energies Nouvelles, Enel Green Power, and International Power, Dubai branch (ENGIE). EDF and its consortium partner Abu Dhabi’s Masdar placed the lowest bid of just under eight halalas per kilowatt hour, while the second lowest was submitted by the Dubai branch of France’s Engie and Saudi Services for Electro Mechanic Works. A halala is equal to one hundredth of a riyal. (August 2018)
• Acwa Power and AlGihaz Holding Company, a major Saudi contractor and investor, have announced the financial closure of the SR1.2 billion ($320 million) Sakaka PV IPP. A new company “Sakaka Solar Energy Company (SSEC)” has been formed with Acwa Power holding 70 per cent and AlGihaz 30 per cent through its subsidiary AlGihaz Renewable Energy Company to own the Sakaka PV Plant. SSEC has concluded a 25 years Power Purchase Agreement with Saudi Power Procurement Company (SPPC) acting as offtaker. The transaction is financed through limited recourse ring fenced project financing with the entire debt fully underwritten by Natixis as Initial Mandated Lead Arranger and Bookrunner. In addition, Arab National Bank provided an equity bridge loan for the transaction. (November 2018)
• The consortium of EDF and Abu Dhabi’s Masdar has been shortlisted for the contract on 400MW wind power project in Dumat al-Jandal in Al Jouf region. They placed the lowest bid of just under 8 halalas per kilowatt hour. (November 2018)
• Contract to develop the $500 million-400MW Dumat al-Jandal wind project has been awarded to the EDF/Masdar consortium, who submitted the lowest levelized cost of electricity (LCOE) bid of 7.996 halalas per kWh. The consortium will develop the wind project under a 20-year PPA with Saudi Power Procurement Company (SPPC). (January 2019)
• Companies have been invited to submit EoIs for seven PV projects by 14 February, 2019 under the second round of the kingdom’s NREP project. The seven projects, which will have a combined total capacity of 1.51 GW, are as follows: Medina solar PV IPP: Medina Province, approximately 26 kilometres from Medina city (50MW) Rafha solar PV IPP: Northern Borders province, approximately 16km from Rafha city (45MW) Qurayyat solar PV IPP: Al-Jawf Province, approximately 15km from Qurayyat city (200MW) Al-Faisaliah solar PV IPP: Mecca Province, approximately 80km south of Jeddah city (600MW) Rabigh solar PV IPP: Mecca Province, approximately 145km north of Jeddah city (300MW) Jeddah solar PV IPP: Mecca Province, approximately 50km southeast of Jeddah city (300MW) Mahd al-Dahab solar PV IPP: Medina Province, approximately 150km southeast of Medina (20MW) (January 2019)
• Saudi Arabia’s Repdo is set to issue tender for solar, wind projects with a capacity of 3.1GW in mid-2019 as part of its National Renewable Energy Programme. (February 2019)
• Saudi Arabia’s Repdo has invited contractors to submit pre-qualification documents by 8 April, 2019 for seven PV projects under the second round of the kingdom’s National Renewable Energy Programme (NREP). (March 2019)
• MoU has been signed with the Mecca municipality to develop 2.6GW of solar capacity in the Mecca. The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Only 600 MW of the project will be tendered by the REPDO, while the remaining 2 GW will be built by the country’s Public Investment Fund along with its partners. (March 2019)
• Saudi Arabia’s Repdo is set to issue the RFPs for the 7 PV projects with combined capacity of 1.51GW under the second round of the kingdom’s NREP. The bids submission deadline for the planned 50MW Medina and 45MW Rafha solar IPPs will be set for the end of September. RFP for the 200MW Qurayyat IPP, 300MW Rabigh IPP, 300MW Jeddah South IPP and 600MW Al-Faisaliyah IPP is expected to be issued in early July, with a planned submission date in early December. (May 2019)
• RFP has been issued for the category B PV projects under the second round of NREP. Last date to submit bids is 18 November, 2019. The category B projects include: 1. Al-Faisaliah solar PV IPP: Mecca Province, approximately 80km south of Jeddah city (600MW). 2. Jeddah solar PV IPP: Mecca Province, approximately 50km southeast of Jeddah city (300MW). 3. Rabigh solar PV IPP: Mecca Province, approximately 145km north of Jeddah city (300MW). 4. Qurayyat solar PV IPP: Al-Jawf Province, approximately 15km from Qurayyat city (200MW). (August 2019)
• RFP has been issued for the category A PV projects under the second round of NREP. Last date to submit bids is 1 December, 2019. The category A projects include: 1. Medina solar PV IPP: Medina Province, approximately 26 kilometres from Medina city (50MW). 2. Rafha solar PV IPP: Northern Borders province, approximately 16km from Rafha city (20 MW). (August 2019)
• Repdo is set to issue the request for qualification (RFQ) this month for the third round of the NREP. The 60 firms pre-qualified to the second round will be considered pre-qualified for the third round. More developers can submit documents to pre-qualify for the upcoming third round. Tender for six renewable IPPs of capacity 1.6 GW, under round 3, is planned to be issued in December. These six IPPs will comprise one wind and five PV solar projects. (October 2019)
• The bids submission deadline has been extended for category A and category B PV projects under the second round of the Kingdom’s NREP. Bids for the category A projects are now due to be submitted by 20 January, 2020, while bids for the category B projects are now due to be submitted by 6 January, 2020. (November 2019)
• Repdo is set to issue the request for qualification (RFQ) for the third round of the kingdom’s NREP, in 2020, shortly after bids for round 2 are received. (December 2019)
• Saudi Arabia’s Finance Ministry has said the government expects to generate investments worth SR14bn ($3.7bn) in the second and third rounds of the NREP. There are six PV solar IPP, with a combined total capacity of 1,270MW, under round two of the NREP, while round three comprises one wind and five solar PV projects with a combined total capacity of 1,580MW. (December 2019)
• Saudi Arabia’s Al Rushaid Group has signed a JV agreement with France’s Optimum Tracker to build components and systems of solar plants in the kingdom. The venture will receive an initial investment of SAR 200 million (Dh195.61mn) and will be based in the Eastern Province, aiming for gradual capacity of “no less than 150 megawatts”. The two companies will combine their expertise in designing and engineering services, focusing on manufacturing of mounting system structures for solar photovoltaic panels. (December 2019)
• Client has issued the RFQ for the third round of the kingdom’s NREP. Last date to submit the RFQ documents is 6 February, 2020. RFP is planned to be issued on 19 March, 2020. Round 3 projects are divided into two categories: 1. Category A includes - Layla 80 MW solar PV project, and Wadi Al Dawaser 120 MW solar PV project. 2. Category B includes - Saad 300 MW solar PV project, and Ar Rass 700 MW solar PV project. (January 2020)
• Bids have been submitted for category A and category B PV projects under the second round of the NREP. Bidders for the category A projects are: Alfanar / Al-Blagha, both of Saudi Arabia, First Solar of US. Bidders for the category B projects are: Acwa Power of Saudi Arabia / GIC of Kuwait, Marubeni of Japan / Al-Jomaih of Saudi Arabia, Masdar of UAE / EDF of France / Nesma of Saudi Arabia, Total of France / Al-Gihaz of Saudi Arabia. (February 2020)
• Repdo is set to issue the request for prequalification (RFQ) in April for the planned Yanbu wind IPP project. The planned IPP with a capacity of 850MW was initially included in the third round of the National Renewable Energy Programme (NREP). (March 2020)
• For other category B projects, the first ranked bidders for Jeddah solar PV IPP and Qurayyat solar PV IPP are the Masdar/EDF/Nesma consortium, LCOE tariff of SAR halalas 6.09 per kilowatt hour (SRh/kWh), $cents1.62/kWh in US dollars and the Acwa Power consortium, LCOE of SR6.688/kWh, respectively. (April 2020)
• Repdo has invited two bidders for the 600MW Fasiliyah PV solar project of category B to submit best and final offers (BAFO) by 19 April, 2020 as their levelised cost of electricity (LCOE) tariffs are very close. The 2 bidders invited are: Acwa Power of Saudi Arabia / GIC of Kuwait; Masdar of UAE / EDF of France / Nesma of Saudi Arabia. (April 2020)
• Repdo has pre-qualified 49 firms for the third round of the kingdom’s National Renewable Energy Programme (NREP). They are: Al Babtain Contracting Company, Al Jomaih Energy and Water Company Limited, Al Mashariq Trading & Contracting Company, Al Sharif Group for Cont & Dev. Trade, Al Toukhi Company for Industry, Trading and Contracting, Abener Energia, S.A., Abu Dhabi Future Energy Company PJSC “Masdar”, Acciona Energia Global, Acwa Power, Alfanar Company, Alghanim International, AlGihaz Holding, Alishar Contracting Corporation, Alkifah Holding Company, Almabani General Contractors, Altaaqa Alternative Solutions Co. Ltd., Arabian Electrical Transmission Line Construction Co Ltd, Bin Omairah Contracting Co., Canadian Solar UK Projects Limited, Civil & Electrical Projects Co (CEPCO), Desert Technologies Industries CJSC, EDF Renouvelables, Electric Power Development Company, Energy Equipment Rental Co. Ltd (ENERCO), EXAP Contracting Company, FAS Energy LLC, First Solar International Middle East FZ-LLC, GCL System Integration Technology Co. Ltd, Haji Abdullah Alireza and Co. Ltd (HAACO), ib vogt GmbH, International Power S.A (IPSA), Issam Kabbani & Partners for Construction & Maintenance Co. Ltd., JERA Co, Inc, Jinko Power Company Ltd, KEPCO, Marubeni Corporation, Mohammed AlOjaimi Contracting Est, Mowah Company CJSC, Noor Communications Company Limited, Power Construction Corporation of China (PowerChina), Rays Power Infra Private Limited, Scatec Solar ASA, Snamprogetti Saudi Arabia Co Ltd, Solarpack Corporation SA, Suliman Abdulaziz Al-Rajhi International, Tamasuk Holding Company, Tenaga National Berhada, Total Solar International, TSK Electronica Y Electricidad S.A. (April 2020)
• Shortlisted bidders have been announced for 5 PV solar projects under the second round of NREP. Category B Projects – 1. For the 300MW Jeddah photovoltaic PV IPP, Repdo shortlisted the two lowest bidders as the two shortlisted bidders for the project. The consortium of the Masdar of UAE, EDF of France and the local Nesma Holding was ranked first shortlisted bidder with a levelised cost of electricity (LCOE) tariff of SAR halalas 6.09 per kilowatt hour (SARh/kWh), $cents1.62/kWh in US dollars. The second ranked shortlisted bidder was a consortium of the local Acwa Power, GIC of Kuwait and the local Al-Babtain with a LCOE tariff of SARh6.215/kWh. 2. For the 300MW Rabigh PV IPP, Repdo shortlisted a consortium of Marubeni Corporation of Japan and the local Al-Jomaih Energy & Water Company with a LCOE tariff of SAR halalas 6.38kWh, the second lowest submitted LCOE. The second ranked shortlisted bidder was the Acwa Power/GIC/Al-Babtain consortium with a bid of SAR 6.597/kWh. 3. For the 200MW Qurrayat IPP, the Acwa Power consortium was selected as first ranked bidder with a submitted LCOE of SAR 6.688/kWh. A consortium of Total Solar of France and local firms Al-Gihaz Holding Company and Altaaqa Alternative Solutions was ranked second shortlisted bidder with a LCOE tariff of SARh6.785/kWh. 4. For the 600MW Al-Faisaliah PV IPP, Repdo has invited the two lowest bidders, the Masdar and Acwa Power consortiums to submit best and final offers (BAFO), with the process to be completed in April. Category A Projects – 1. For the 50MW Medina PV IPP, the Al-Blagha Holding for Investments Company/Alfanar (local)/ Desert Technologies Industries was ranked first shortlisted bidder with a LCOE tariff of SARh7.27/kWh. The First Solar/ Al-Mowah (local) consortium was second shortlisted bidder with a tariff of SARh11.35/kWh. 2. For the 20MW Rafha project, the Al-Blagha consortium was once again ranked first shortlisted bidder with a LCOE tariff of SARh13.0772/kWh. The First Solar consortium had submitted a tariff of SARh19.04/kWh. (April 2020)
• Teams led by the UAE's Masdar and the local Acwa Power have submitted final offers for the 600MW Al-Faisaliah solar PV contract. (April 2020)
• Tender has been issued for the two Category B projects under the third round of the NREP, which will have a combined total capacity of 1GW. Last date to submit bids is 23 September, 2020. The client is planning to shortlist bidders for the projects by 19 November, 2020. (May 2020)
• Repdo is set to issue a pre-qualification request for Yanbu wind project in the second half of the year. The final capacity of the wind project is under discussion. Earlier, the planned Yanbu wind IPP with a capacity of 850 MW was included in the third round of the NREP. However, the project was excluded when Repdo issued an RFQ for the third round earlier this year. (May 2020)
• Repdo has invited bids by 7 October, 2020 for the two Category A projects (Layla 80 MW solar PV project, and Wadi Al Dawaser 120 MW solar PV project) under the third round of the NREP. (June 2020)
• For the largest capacity project in the NREP’s second round, the 600MW Al-Faisaliah PV IPP, the two lowest bidders – Masdar and Acwa Power consortiums – submitted best and final offers later in April. Bidders are still waiting for news from the client when contracts will be awarded and PPAs signed. The successful bidders for both Category A and B projects will sign a 25-year PPA with the Saudi Procurement Company (SPPC) as offtaker. (August 2020)
• Repdo has extended the bids submission deadlines for the tenders on round 3 projects under the kingdom’s NREP. Last date to submit bids for Category A projects, initially scheduled for 7 October, 2020 are now scheduled for 16 December, 2020. The deadline to submit bids for category B projects has been postponed from 23 September, 2020 to 9 December, 2020. Repdo has now pushed back the appointment of shortlisted bidders from 19 November, 2020 to 25 February, 2021. (October 2020)
• SEC has awarded a contract worth SAR 42,731,604 ($11,395,094) to Al Osais Contracting Company of Saudi Arabia, a subsidiary of Al Osais International Holding Company for the expansion of 132kV Substations to interconnect the Repdo’s Qurayyat and Rafha Solar PV power plant to the network. Al Osais shall perform contract work on lump sum turnkey basis, the design, engineering, materials procurement, quality management, factory inspection/testing, transport and delivery to site, installation, construction, site inspection, testing and commissioning, all associated work and services until final handing over of substation work in a satisfactorily working and operating condition. (November 2020)
• SEC has received bids for the construction of Saad Solar PV 380/132kV Substation around 85km from Riyadh. Fourteen bidders have submitted the proposals. Al Shariff Group for Contracting of Saudi Arabia has submitted the lowest bid price of SAR 197.7 million ($52.7 million). Saad Solar PV 380/132kV Substation will be interconnected to the proposed Renewable Energy (Solar) Power Plant of capacity 300MW at Saad. The project involves the construction a new indoor 380/132 kV Gas Insulated Substation, named as Saad Solar PV 380kV/132 kV Substation. It includes protection, control, communication and SAS/SCADA systems. The contractor shall perform work on Lump sum turnkey basis, the design, engineering, materials procurement, quality management, factory inspection/testing, transport and delivery to site, installation, construction, site inspection, testing and commissioning, all associated work and services until final handing over of new substation work in a satisfactorily working and operating condition. (December 2020)
• Repdo has extended the bids submission deadlines for the tenders on round 3 projects under the kingdom’s NREP. Last date to submit bids for Category A projects, previously scheduled for 16 December, 2020 are now scheduled for 9 March, 2021. The deadline to submit bids for category B projects has been postponed from 9 December, 2020 to 2 March, 2021. (December 2020)
• The developer consortium – Masdar, EDF Renewables and Nesma – for the 300 MW Jeddah PV solar IPP of the category B projects has awarded the EPC contract, to Larsen & Toubro (L&T). (January 2021)
• PPAs have been signed for IPP PV solar projects in Category B under Round 2 projects. The PPAs have now been signed between the appointed developers and the offtaker, Saudi Power Procurement Company (SSPC). (January 2021)
• For the 300MW Rabigh PV IPP, Repdo appointed a consortium of Japan’s Marubeni Corporation and Al-Jomaih Energy & Water Company of Saudi Arabia with a LCOE tariff of SRhalalas6.38kWh. A consortium led by Acwa Power was appointed for the 200MW Qurrayat IPP with a submitted LCOE of SR6.688/kWh. (January 2021)
• Repdo has yet again extended the bids submission deadlines for the tenders on round 3 projects under the kingdom’s NREP. Last date to submit bids for Category A projects, previously scheduled for 9 March, 2021 are now scheduled for 06 April, 2021. The deadline to submit bids for category B projects has been postponed from 2 March, 2021 to 24 May, 2021. (March 2021)
• Saudi Arabia’s Acwa Power has inaugurated the 300MW Sakaka PV IPP at an investment of SR 1.2 billion ($320 million). The project was awarded to an Acwa Power led consortium at a world record tariff, at the time, of 8.781 halalas/kWh in 2018. Al Gihaz Holding, a major Saudi contractor and investor, owns a 30% stake in the Sakaka Solar Energy Company (SSEC), alongside Acwa Power's 70% stake, and was instrumental in both the investment, engineering, procurement and construction of the project. (April 2021)
• Saudi Arabia announces the Signing of PPA for seven Solar PV Projects of total capacity 2,970MW. The projects are located in Al Madinah, Sudair, Qurayyat, Shuaibah, Jeddah, Rabigh, and Rafha. Al-Faisaliah (Shuaibah) PV IPP (600MW) The PPA was signed with the consortium of ACWA Power, Al-Babtain Holding Investment Company, Gulf Investment Corporation. The project has recorded the world’s lowest cost for Solar PV electricity production of USD 1.04 cents/ kWh. Sudair PV IPP (1500MW) The PPA was signed with the consortium led by ACWA Power. The Project is Co-Owned by PIF and ACWA Power. The project has recorded the second lowest cost globally for Solar PV electricity production of USD 1.239 cents/kwh. Jeddah PV IPP (300MW) The PPA was signed with the consortium of MASDAR, EDF Renouvelables S.A., Nesma. Earlier, during April 2020, the Consortium submitted the price of 6.09042 Halala/kWh. Rabigh PV IPP (300MW) The PPA was signed with the consortium of Marubeni, Al Jomaih E&W. Earlier, during April 2020, the Consortium submitted the price of 6.381138 Halala/kWh. Qurayyat PV IPP (200MW) The PPA was signed with the consortium of ACWA Power, Al-Babtain Holding Investment Company, Gulf Investment Corporation. Earlier, during April 2020, the Consortium submitted the price of 6.688 Halala/kWh Madinah Solar PV IPP (50MW) The PPA was signed with the consortium of Al Blagha Holding for Investments Company, Al Fanar Company, Desert Technologies Industries CJSC. Earlier, during April 2020, the Consortium submitted the price of 7.27533 Halala/kWh Rafha Solar PV IPP (20MW) The PPA was signed with the consortium of Al Blagha Holding for Investments Company, Al Fanar Company, Desert Technologies Industries CJSC. Earlier, during April 2020, the Consortium submitted the price of 13.0772 Halala/kWh The Projects will power more than 600,000 households and reduce greenhouse gas emissions by more than 7 million tons. (April 2021)
• The developer consortium for the Rabigh Solar Photovoltaic (PV) IPP under the second round of the NREP has awarded the EPC contract to China Energy Engineering Group Guangdong Power Engineering Co. ltd, a subsidiary of Energy China. The value of signed contract is approximately RMB 1,201.5 billion (USD 183.8million). (April 2021)
• The consortium of Alfanar Construction, Desert Technologies and Tamasuk Holding Company has submitted the lowest tariffs for 50MW Medina PV independent power producer (IPP) project and 20MW Rafha PV IPP. For the 50MW Medina PV IPP, the consortium submitted the lowest levlised cost of electricity (LCOE) tariff of SRh7.27/kWh. For the 20MW Rafha PV IPP, the consortium submitted the lowest LCOE tariff of SRh13.0772/kWh. The consortium has signed a 25-year power purchase agreement (PPA) with the Saudi Procurement Company (SPPC) as offtaker. Synergy Consulting provided financial advisory services to the consortium for both projects. (May 2021)
• Repdo has received bids for the Category A of round 3 projects under NREP. The bidders are: ACWA Power of Saudi Arabia, Alfanar of Saudi Arabia, and Total Solar of France / Al-Blagha Holding Group of Saudi Arabia. (May 2021)
• The Ministry of Energy (MoE) of Saudi Arabia commemorated the mid-way mark of the construction of the Dumat Al Jandal wind farm, the kingdom’s first utility-scale wind farm of more than 400MW capacity and the largest in the Middle East. Developed by a consortium led by renewable energy leaders in the region: EDF Renewables and Masdar, the EPC order was awarded to Vestas in 2019. Vestas is playing a vital role in the project, having installed half of the 99 V150-4.2MW wind turbines for the project. As per the deal, the Dumat Al Jandal wind farm will supply electricity under a 20-year purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC), a subsidiary of the Saudi Electricity Company (SEC), the Saudi power generation and distribution company. (May 2021)
• Repdo has received bids for the Category B of round 3 projects under the kingdom’s National Renewable Energy Programme (NREP). The bidders are: ACWA Power of Saudi Arabia, Jinko Power of China, Masdar of UAE / EDF Renewables of France / Nesma of Saudi Arabia. (June 2021)
• Masdar has announced that 400-megawatt (MW) utility-scale Wind Power Plant Constructed at Dumat Al Jandal is now connected to the grid and has produced its first carbon-free megawatt-hours (MWh) of energy. The project to be considered as the Middle East’s largest wind farm and the first in the Kingdom of Saudi Arabia. The wind farm consists of 99 wind turbines from supplier and EPC contractor Vestas, each with a power output of 4.2 MW. Construction began in September 2019, and the wind turbine erection works are near completion. The Dumat Al Jandal wind farm will supply electricity under a 20-year PPA with the Saudi Power Procurement Company, a subsidiary of the SEC, the Saudi power generation and distribution company. (August 2021)
• Repdo has shortlisted bidders for the round 3 - category A and B projects. 1. Category A. • For Layla 80 MW independent power producer (IPP), the bidders are ACWA Power of Saudi Arabia and Alfanar Company. • For Wadi Al Dawaser 120 MW IPP, the bidders are ACWA Power of Saudi Arabia. 2. Category B. • For Saad 300 MW IPP, the bidders are Jinko Power of China and Masdar of UAE. • For Ar Rass 700 MW IPP, the bidders are ACWA Power of Saudi Arabia and Jinko Power of China. (November 2021)
• Repdo has awarded the BOO contract to a consortium led by Jinko Power (HK) Company for the 300 MW Saad Solar PV IPP. Other members of the consortium are Jinko Power Middle East Holding Co and Jinko Power Dhafra Holding Co. Jinko Power consortium had submitted the winning LCOE [Levelized Cost of Energy] tariff of 5.5626 halalas/kWh (approximately 1.48 cents/kWh) for the project. The project would be developed at a total investment of about $209 million. Its annual power generation, after completion, will be about 876 million kWh. The project is expected to have a construction period of 24 months and an operation period of 30 years. (March 2022)
• Repdo has awarded a BOO contract for the 1000 MW Round 3, Category B projects of the NREP. The Saudi Power Procurement Company (SPPC), the principal buyer, signed all the project-related agreements including the 25-year PPAs with the winning consortia. The Category B projects and the winning consortia are – 1. Saad 300 MW solar PV project: The PPA has been signed with a consortium led by Jinko Power (HK) Company as the managing and technical member, Jinko Power Middle East Holding Company and Jinko Power Dhafra Holding Company as consortium members. The project is valued at around SR 800mn ($213mn) and located in Saad within the Riyadh region. It has an LCOE of 5.56 halalas/kWh. 2. Ar Rass 700 MW solar PV project: The PPA has been signed with Ar Rass Solar Energy Company (with Acwa Power as the managing and technical member, State Power Investment Corporation from China and Water and Electricity Holding Company (Badeel), a wholly-owned PIF Portfolio Company as consortium members). The project, located in Qassim region, is valued at SR 1.7 billion ($453.1 million) with an LCOE (levelized cost of energy) of 5.62 halalas/kWh. Acwa Power will hold a (40.1%) stake in the facility, along with (20%) by the WEHC, and (39.9%) will be owned by the SPIC. (March 2022)
• The Saudi Power Procurement Company (SPPC) and the Kingdom’s Ministry of Energy (MoE) has invited companies to submit the statements of qualifications by 20 October, 2022 for the fourth round of NREP. The contract scope covers the development of five new renewable energy IPP projects, with a combined capacity of 3,300 MW. (October 2022)
• Al Ghazala Energy Company, the Saudi-based subsidiary of Jinko Power Technology Co, Ltd, has signed the EPC contract worth $176.1mn with Elsewedy Electric Transmission & Distribution Company (EET&D) for its 300 MW Saad solar independent power producer (IPP) project in the kingdom. The scope of the full-wrap EPC contract includes design, supply, construction, warranty, initial operation and maintenance of the project. (February 2023)
• The Power Transmission & Distribution Business of Larsen & Toubro (L&T) has secured EPC orders to construct a 380kV Substation with associated transmission interconnections in Saudi Arabia. The Kingdom, in line with its National Renewable Energy Program, is focused on increasing the share of renewable generation in its energy mix. (March 2023)