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Saudi Arabia to Generate Investments Worth $3.7bn in NREP

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 National Renewable Energy Programme, which is being overseen by the Renewable Energy Project Development Office (Repdo).

 

Investments in renewable and alternative energy will amount to SR14bn and create 6,800 job opportunities in the construction phase and 730 jobs in the operation and maintenance phase, the ministry said in its 2020 budget statement.

 

There are six photovoltaic (PV) solar independent power projects (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.

 

Saudi Arabia’s Renewable Energy Project Development Office expects to receive bids for round two of the kingdom’s renewable energy programme soon.

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