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Saudi Arabia launches 1.2 GW solar tender
Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has opened the request-for-qualification process related to a tender for 1.2 GW of solar generation capacity. REPDO will use the third round of the kingdom’s National Renewable Energy Program to select developers to construct four solar power projects, with generation capacities of 80, 120, 300 and a mammoth 700 MW. The Saudi government stated the selected projects must contain at least 17% local content. The deadline to pre-qualify for the tender is February 6. In March, REPDO said the second round of the program – intended to allocate 1.5 GW of large scale solar capacity – attracted 250 bidders. In July, the administrative body said the number of bidders had been narrowed down to 60, 28 of which are based in Saudi Arabia. The final results of the exercise are yet to be announced. In the first round of the procurement program, REPDO assigned 300 MW of solar generation capacity to a single facility, the Sakaka solar project which is now operational. That first tender attracted global attention by attracting the lowest solar electricity price ever bid, with French energy giant EDF offering to generate solar power for a levelized cost of SAR0.06697/kWh ($0.018). That bid was rejected, however, with Saudi energy giant ACWA taking the prize with an offer of SAR0.08872/kWh.
Jan 9, 2020 // Markets & Finance News, Saudi Arabia, tender, Asia, REPDO
Not Yet Time For Batteries And Photovoltaic Solar Panels In Saudi Arabia
study responded to earlier articles claiming that Saudi Arabia can achieve 100% renewable energy by 2040. Here, the researchers reviewed information from the
Feb 4, 2021 // Storage, Market Research, Saudi Arabia, Australia, Asia, Oceania, solr panel, Alberto Boretti, Wael Al-Kouz, Stefania Castelletto
A 3 GWh redox flow battery factory in Saudi Arabia
pressures to create a 3 GWh redox circulation battery manufacturing center in Saudi Arabia. The consortium, which likewise consists of RIWAQ Industrial Development
May 12, 2020 // Storage, Saudi Arabia, Germany, Europe, Asia, Christian Schmid
L&T wins 1.5 GW solar agreement in Saudi Arabia
and construction (EPC) contract for a solar photovoltaic (PV) plant in Saudi Arabia. The contract was awarded by ACWA Power and the Water and Electricity Holding
Apr 12, 2021 // Plants, Large-Scale, Markets & Finance News, Saudi Arabia, PPA, Asia, PV Power Plant, L&T, Sekharipuram Narayanan Subrahmanyan
Saudi Arabia Aims Next to Be Largest Hydrogen Exporter
Saudi Arabia has "ambitious" plans and also "will certainly not be tested in its record of being the most significant merchant of hydrogen in the world," Energy Minister Prince Abdulaziz container Salman claimed at an information rundown in Riyadh. The kingdom's big gas books enable it to create blue hydrogen, he claimed, referring to a form of the gas that's made when gas is changed and also the carbon dioxide result is recorded. In September, the nation shipped the globe's initial cargo of blue hydrogen, which was exchanged ammonia, to Japan. The kingdom likewise plans to generate hydrogen from solar energy-- so-called environment-friendly hydrogen-- at a $5 billion facility in Neom, a futuristic city being built on the Red Sea, beginning in 2025. By adding hydrogen to its mix, Saudi Arabia wishes to maintain its duty as a crucial power distributor as more nations change far from pollution-emitting nonrenewable fuel sources. Yet, hydrogen is tough to move and calls for lots of energy to create, making it costly. Environment-friendly hydrogen prices in between 3.50 euros ($4.15) as well as 5.00 euros per kg, according to the International Energy Agency. That compares with about 1.5 euros for the standard, dirtier procedure that creates so-called grey or brownish hydrogen. The expense of creating blue hydrogen hinges on between these two levels.
Nov 23, 2020 // Solar to Fuel, Saudi Arabia, Asia, hydrogen
India And Saudi Arabia Sign An MOU To Cooperate In Renewables
that approved the MOU between India’s ministry of energy and their Saudi Arabia counterparts to cooperate in the area of renewables. The two ministries agreed
Dec 26, 2019 // Policy, Saudi Arabia, India, Asia, narendra modi, MoU
Saudi Arabia outlines brand-new arrangements for roof PV
Saudi Arabia's Electricity & Cogeneration Regulatory Authority has actually released new policies for distributed-generation solar installments which it is prepared for will encourage electrical power consumers to set up PV systems under the nation's web payment regime. The new stipulations, which must relate to PV systems ranging in size from 1 kW to 2 MW as well as to all type of power consumer, will come into effect when the Saudi Electricity Company (SEC) will launch additional rules on the plan's procedures. The structure establishes Saudi power distributors will need to offer help to consumers happy to mount solar, by offering the information needed for feasibility researches as well as to apply for grid connection. Power companies will additionally have to elevate recognition of the benefits of roof solar as well as report yearly on development in the marketplace sector. Saudi Arabia made a very first effort to present web metering for tiny range solar in August 2017, yet a draft guideline prepared at the time was never taken on. The kingdom had 334 MW of solar generation capacity at the end of in 2015, according to the International Renewable Energy Agency. Big solar jobs supplied most of that number, with the lion's share stood for by the 300 MW Sakaka solar plant which came online in November.
Jul 13, 2020 // Commercial, Residential, Markets & Finance News, Policy, Rooftop PV, Saudi Arabia, Asia, rooftop PV
Masdar and EDF start construction deal with 300MW solar plant in Saudi Arabia
trackers, while robotics will certainly be utilized to cleanse the modules. Saudi Arabia's Ministry of Energy awarded the partners the plant after they sent one of the
Apr 12, 2021 // Plants, Masdar, Saudi Arabia, PPA, EDF, Asia, power purchase agreement, middle east, EDF Renewables, Bruno Bensasson
Saudi Arabia to back clean energy makers, developers via new loan scheme
Saudi Arabia is expanding the reach of its 105 billion riyal (US$28 billion) industrial fund to spur renewables through loans to component manufacturers, to independent power projects and to projects spearheaded by firms in other industries. The new programme comes to expand the Saudi Industrial Development Fund’s work over the past 45 years, during which it has “played a key role" in driving industrial development in the kingdom, according to a government release. The new incentives are part of Saudi Vision 2030, Crown Prince Mohammad bin Salman’s plan to diversify the economy of the world’s largest oil exporter. In January, the government announced it would deploy 60GW of renewables by 2030, two-thirds of which would be solar. Under the new scheme, named for the Arabic word for renewables Mutjadeda, component manufacturers can borrow up to 75% of a project's cost from the government and benefit from loan repayment periods of up to 20 years and grace periods of up to 36 months. Independent renewable energy production projects can apply for the same repayment and grace periods. Players in other industries deploying renewables can apply for loans with repayment periods of up to 12 years and grace periods of 36 months. Bloomberg reports that loans will be for as much as 1.2 billion riyals (US$320 million). The government’s pivot to renewables comes after a drone strike on the kingdom’s Abqaiq processing facility in mid-September cut global oil output by five percent and sent oil prices skyrocketing. Saudi Arabia's new loan scheme sees the light in a year set to conclude with the second round of government renewable auctions.  A spokesperson from the Renewable Energy Project Development Office (REDPO) told PV Tech in an email that while the government agency does not currently have an exact date when auction results will be published, their announcement will take place in December and will be broadcast live.  Saudi Arabia’s solar industry is poised for rapid growth, according to an analysis by Wood Mackenzie. In July, the firm placed the Gulf state within a 20-strong cohort of global “growth [solar] engines,” countries that are expected to be installing between 1-5GW of the energy source a year by 2024.
Sep 30, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Saudi Arabia, tender, Asia, auction, green loan, Mohammad bin Salman
Total types joint venture for C&I solar release in Saudi Arabia
inexpensive as well as dependable solar power remedies to C&I customers in Saudi Arabia and "blaze a trail in the advancement of the community for dispersed
Mar 4, 2021 // Plants, Large-Scale, Markets & Finance News, Saudi Arabia, Asia, Total, distributed solar, Julien Pouget, joint venture, commercial and industrial, oil and gas majors
Saudi Arabia's PIF raises stake in ACWA Power
risk would certainly aid to drive and also diversify financial growth in Saudi Arabia. The deal also comes numerous months after China's Silk Road Fund completed
Dec 1, 2020 // Markets & Finance News, EPC, UTILITY-SCALE SOLAR, ACWA Power, Mohammad Abunayyan, saudi arabia pif, saudia arabia
Saudi Arabia secures PPAs for near to 3 GW of fresh solar
expected to see the conclusion of its 400-MW Dumat Al-Jandal wind farm. Saudi Arabia has established a goal of making renewables make up 50% of its energy mix by
Apr 9, 2021 // Plants, Saudi Arabia, PPA, Asia
Saudi Arabia Lists 49 Pre-Qualified Bidders for 1.2 GW Solar Tender
Saudi Arabia Renewable Energy Project Development Office (REPDO) has actually provided the checklist of all the pre-qualified prospective buyers in rounded 3 of the
Mar 24, 2020 // Markets & Finance News, Saudi Arabia, tender, Asia, International, NREP
Quotes of US$ 0.0162/ kWh become Saudi Arabia shortlists companies for 1.47 GW solar tender
of rates for PV plans in the 20MW-300MW range. Shortlisted solar tolls under Saudi Arabia's NREP (rounded 2). Project name (capacity) Jeddah PV IPP (300
Apr 7, 2020 // Markets & Finance News, Tariffs, Masdar, Saudi Arabia, Asia, REPDO, middle east, acwa, NREP
Saudi foodmaker turns to Engie for 30MW of solar supply
a power purchase agreement (PPA) for a solar plant to back the operations of Saudi Arabia’s self-styled largest listed food group. The board of directors of
Jul 30, 2019 // Large-Scale, PPA, NADEC, Engie, Haradh, Kingdom