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Saudi Arabia’s Renewable Energy Project Development Office (Repdo) received bids from three groups for the Category A projects under the third round of the National Renewable Energy Programme (NREP) on 3 May.
Repdo received proposals from the following three consortiums for the 120MW Wadi ad-Dawasir and the 80MW Layla photovoltaic (PV) solar projects:
- Acwa Power(local)
- Total Solar (France)/ Al-Blagha (local)
- Alfanar (local)
Repdo has previously stated that only one project will be awarded to a bidder.
Bid submission date for the three larger Category B projects under the third round, which have a combined capacity of 1GW, are due on 24 May.
The Category B projects are:
• Ar-Rass, 700MW
• 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 developer and operate the IPP.
SPVs will sign a 25-year power purchase agreement (PPA) with the kingdom’s offtaker. Land for the projects will be secured by Repdo and provided to the project company under sub-lease agreements.
It was recently reported that Saudi Arabia had achieved a world record PV solar tariff for the 600MW Al-Fasiliyah IPP which was tendered under the second round of the NREP.
