The Ministry of Energy is responsible for achieving the objectives of the Custodian of the Two Holy Mosques’ renewable energy initiative, which aims at:
• Increasing the renewable energy share in the Kingdom’s energy mix to its optimal level while maintaining the required efficiency.
• Meeting the environmental objectives in terms of CO2 emission reduction.
• Achieving key economic objectives such as reducing the consumption of fossil fuel used for electricity generation, working closely with the international private sector and enabling the local developers to partner with experienced international developers to gain experience and contribute toward achieving the renewable energy sector goals, which is core to Saudi Vision 2030.
In relation to the above, the Ministry of Energy announces the shortlisted bidders for Round 3 of the renewable energy projects in the Kingdom of Saudi Arabia. Round 3 consists of 4 solar PV IPP's with an aggregate capacity of 1,200 MW, divided into two categories:
• Category A, which includes Wadi Ad Dawasir 120 MW Solar PV IPP and Layla 80 MW Solar PV IPP
• Category B, which includes Ar Rass 700 MW Solar PV IPP and Saad 300 MW Solar PV IPP
The RFP’s were issued on 8 April 2020 for Category B projects and on 22 April 2020 for Category A projects. Three bids have been submitted for each project in the course of the second quarter of 2021.
Prior to shortlisting, all bids were evaluated to ensure compliance with the RFP technical and commercial criteria. The ministry of energy expects to reach commercial closing and financial closing shortly thereafter.
Each of the four projects is obligated to meet the local content requirements imposed by the Local Content and Government Procurement Authority, which aims at increasing the value-added contribution of products and services to the national economy. The successful bidders will enter into a 25-year PPAs with the Saudi Power Procurement Company (SPPC) as an offtaker.
The shortlisted bidders are as follows:
Category A Projects:
Category B Projects:
