The tendered PV plants include the 2 GW (AC) Al Sadawi plant located in the country’s east and the 1 GW (AC) Al Masa’a project located in northern Hail province. It also includes the 400 MW (AC) Al Henakiyah 2 plant located in western Madinah province and the 300 MW (AC) Rabigh 2 array located in western Makkah province.
For the 2000 MW Al-Sadawi Solar PV IPP Project, the shortlisted bidders are a consortium comprising UAE-based Masdar and Korea Electric Power Corporation (KEPCO), which offered a price of $0.0129/kWh, and a consortium formed by China-based SPIC Huanghe Hydropower Development Co., Ltd. and France-based EDF Renouvelables, which submitted a price of $0.0131/kWh.
The shortlisted bidders for the 1,000 MW Al-Masaa Project (1000 MW) are the SPIC Huanghe Hydropower Development-EDF Renouvelables consortium, which offered $0.0131/kWh, and Saudi-based Al Jomaih Energy and Water Company in partnership with the renewable energy arm of French giant TotalEnergies, which submitted a price of $0.0136/kWh.
For the 400 MW Al-Henakiyah2 Project, a price of $0.0140/kWh was offered by the SPIC Huanghe Hydropower Development-EDF Renouvelables consortium including KEPCO, while another group including Masdar and Saudi energy company Nesma Renewable Energy (NRE) offered $0.0151/kWh.
As for the fourth project – the 300 MW Rabigh2 Project – Al Jomaih Energy and Water Company, TotalEnergy and KEPCO offered $0.0178/kWh, while Nesma and Masdar submitted a bid of $0.0189/kWh.
The lists of the pre-selected “managing and technical members” as well as a list of “managing members” was revealed in February.
The first list included:
UAE-based renewable energy developer Masdar
Saudi Arabia-based energy company Al Jomaih Energy & Water Company (AEW)
Saudi developer Alfanar
Thailand-based industrial group B.Grimm Group
UAE-based BGL Renewable Energy Systems Installation LLC
EDF Renouvelables, the renewable energy unit of French energy giant EDF
Renewable energy company FAS Energy, a unit of Saudi industrial group Fawaz Al Hokair Group
Japan's Itochu Corporation
China-based Jinko Power
Kahrabel FZE, a unit of French energy company Engie
Korean utility Korea Electric Power Corporation (KEPCO)
Japan's Marubeni Corporation
Qatar-based Nebras Power
Saudi energy company Nesma Renewable Energy (NRE)
South Korean engineering company Samsung C&T Corporation
China-based SPIC Huanghe Hydropower Development Co. Ltd.
Japan's Sumitomo Corporation
Total Energies Renewables SAS, a unit of French oil and energy company Total
The second list comprised:
Greek conglomerate GEK Terna
Thailand-based Gulf Energy Development Public Company Limited
Japanese utility Jera
Power Construction Corporation of China (PowerChina)
Saudi Electricity Company
Projects will be overseen by SPPC – the government-owned entity tasked with procuring electricity from independent power producers – which will be responsible for the predevelopment, tendering and subsequent offtaking of energy.
