Algeria releases tender process for 1GW of solar
- Algeria has actually introduced a tender procedure to support the deployment of solar PV projects in the country with a complete capacity of 1GW.
Called 'Solar 1000 MW', the program will certainly see developers bid to establish solar projects in lots of between 50MWp and also 300MWp, with winning bidders protecting a 25-year power purchase contract, according to the nation's Ministry of Energy Transition as well as Renewable Energies.
Participants can bid for several lots amounting to a maximum cumulative capacity of 300MW, as well as bidders are requested to submit their deals by 30 April 2022.
The tender process will certainly include the establishment of unique function vehicles (SPVs), which will be tasked with the development, financing, style, equipment procurement, building and operation and also upkeep of the solar plants.
The tender will certainly be carried out by Société Algérienne des Energies Renouvelables (SHAEMS), a new joint endeavor in between state-owned utility Sonelgaz and also oil company Sonatrach that will certainly acquire a risk in the share funding of the SPVs.
Algeria unveiled a plan in 2020 to release 4GW of solar over a five-year period. The nation is aiming to have 15GW of renewables capacity by 2035.
