Home Power plant Saudi Arabia REPDO announced prices of shortlisted bidders for 1.4GW Solar PV...

Saudi Arabia REPDO announced prices of shortlisted bidders for 1.4GW Solar PV Projects

The Renewable Energy Project Development workplace (REPDO) of Saudi Arabia’s Ministry of Energy has declared the costs of shortlisted bidders for spherical 2 class B star PV comes. Round 2 class ‘B’ comes comprises four comes of Total capability one.4GW, particularly Jeddah star PV IPP, Rabigh star PV IPP, Qurayyat star PV IPP and Fais star PV IPP. The Request for Proposals (RFP) for spherical a pair of class B comes was discharged on eighteen July 2019. However, REPDO announces the bid results for Jeddah star PV IPP, Rabigh star PV IPP, Qurayyat star PV IPP. The results of the bids in respect of Al-Faisaliah PV IPP are declared in Apr 2020 when completion of the most effective and Final supply (BAFO).

Following square measure bid results for the project wise:

Jeddah PV IPP (300MW)

MASDAR, EDF Renouvelables S.A., Nesma – 6.09042 Halala/kWh
ACWA Power, Al-Babtain Holding investment firm, Gulf Investment Corporation – half dozen.215 Halala/kWh
Marubeni, Al Jomaih E&W – half dozen.333641 Halala/kWh
Total star, Altaaqa, Al Gihaz – half dozen.78297 Halala/kWh
Rabigh PV IPP (300MW)

MASDAR, EDF Renouvelables S.A., Nesma – 5.95664 Halala/kWh
ACWA Power, Al-Babtain Holding investment firm, Gulf Investment Corporation – half dozen.597 Halala/kWh
Marubeni, Al Jomaih E&W – half dozen.381138 Halala/kWh
Total star, Altaaqa, Al Gihaz – half dozen.68457Halala/kWh
Qurayyat PV IPP (200MW)

MASDAR, EDF Renouvelables S.A., Nesma – 6.27392Halala/kWh
ACWA Power, Al-Babtain Holding investment firm, Gulf Investment Corporation – half dozen.688 Halala/kWh
Marubeni, Al Jomaih E&W – half dozen.453922 Halala/kWh
Total star, Altaaqa, Al Gihaz – half dozen.78555 Halala/kWh
Al-Faisaliah PV IPP

As per REPDO, For Al-Faisaliah PV IPP, the bids received from all-time low 2 bidders were very shut and also the distinction in LCOEs was inside applied math margin of error.

The Ministry of Energy, in accordance with the RFP provisions, has thus set to rank the 2 consortia diode by the subsequent Managing Members and proceed with a Best and Final supply (BAFO):

Abu Dhabi Future Energy Company PJSC – MASDAR, and
International Company for Water and Power comes (ACWA Power)
The results of the bids in respect of Al-Faisaliah PV IPP are declared in Apr 2020 when completion of the BAFO.

Round 2 class B comes carry a minimum demand of Revolutionary Organization 17 November native content as calculated by the mechanisms outlined by the native Content & Government acquisition Authority (LCGPA), that aims to extend the added contribution of merchandise and services to the financial system.

Successful Bidders can enter into a 25-year power purchase contract (PPA) with the Saudi Power acquisition Company (SPPC) as an offtake.

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