Cheapest shortlisted proposal in Saudi 1.47 GW tender was $0.0161/ kWh.

Apr 3, 2020 05:18 PM ET
  • The shortlisted designers are EDF, Total, ACWA Power, Masdar, First Solar, Marubeni, and also Al Blagha Holding.
Cheapest shortlisted proposal in Saudi 1.47 GW tender was $0.0161/ kWh.
Image: ACWA Power

Saudi Arabia has actually introduced the shortlisted prospective buyers of the 2nd round of its National Renewable Energy Program (NREP) tender, that includes 4 solar plants amounting to 1.4 GW, along with an additional purchase round for 2 PV centers equating to 70 MW.

Possible designers sent 4 bids for the initial of both tenders, which was introduced in July, the Renewable Energy Project Development Office (REPDO) stated. The effective prospective buyers will certainly be granted 25-year power acquisition arrangements.


Both least expensive prospective buyers for the biggest of the plants, the 600 MW Al-Faisaliah PV IP project, were exceptionally close, REPDO stated, keeping in mind that the distinction in the levelized price of power was within the analytical margin of mistake. Therefore, the Saudi Ministry of Energy chose to wage a with a Best and also Final Offer (BAFO). Both picked consortia-- led by Saudi power business ACWA Power as well as UAE-based solar developer Masdar, specifically-- will certainly not need to send a last deal.

The BAFO is a purchase approach that is frequently made use of when the examination professionals figure out that the cost might or need to be much better, or when some aspects of a deal are complex as well as require to be a lot more plainly specified.

" The outcomes of the quotes in regard of Al-Faisaliah PV IPP will certainly be introduced in April 2020 after conclusion of the BAFO," REPDO claimed.


REPDO has actually shortlisted 2 consortia for the 300 MW Jeddah PV IPP project. The initial team, that includes Masdar as well as French utility EDF, supplied an LCOE of SAR0.0609042/ kWh. The various other team, led by ACWA Power, sent a proposal of SAR0.06215/ kWh.


For the 300 MW Rabigh PV IPP project, the shortlisted prospective buyers were Japanese trading titan Marubeni, which supplied SAR0.06381138/ kWh, as well as a consortium led by ACWA Power, which suggested an LCOE of SAR0.06597/ kWh.


For the 200 MW Qurrayat PV IPP project, the most affordable quote was sent by ACWA Power at SAR0.06688/ kWh. The 2nd shortlisted prospective buyer, French oil manufacturer Total, used SAR0.0678555/ kWh.

REPDO likewise disclosed that the shortlisted prospective buyers for 2 even more solar projects, completing 70 MW.

Madinah as well as Rahfa.

For the 50 MW Madinah PV IPP project, the Saudi authorities shortlisted 2 consortia led by Al Blagha Holding and also U.S. module producer First Solar, specifically. The initial team provided an LCOE of SAR0.0727533/ kWh, while the 2nd provided SAR0.011.35/ kWh.

For the 20 MW RafhaPV IPP project, REPDO shortlisted the very same consortia. l Blagha Holding provided SAR0.0130772/ kWh, while First Solar proposal SAR0.01904/ kWh.

The 2nd round of the program at first attracted 250 prospective buyers. In July, REPDO stated the variety of prospective buyers it had actually tightened the prospective buyers to 60 business, consisting of 28 that were based in Saudi Arabia.

In the preliminary of the purchase program, REPDO designated 300 MW of solar ability to a solitary center, the Sakaka solar project which is currently functional. That very first tender attracted international focus by bring in the most affordable solar power cost ever before quote, with French power titan EDF using to produce solar energy for an LCOE of SAR0.06697/ kWh. The quote was turned down, nevertheless, with Saudi power titan ACWA Power inevitably winning with a deal of SAR0.08872/ kWh.

The 3rd round of the program-- planned for alloting one more 1.2 GW of PV-- was released in January.

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