KSA: The Renewable Energy Project Development Office (“REPDO”) invites interested developers to pre-qualify for the third round of the Kingdom of Saudi Arabia’s National Renewable Energy Program (“NREP”)

• Saudi Arabia

• Energy and infrastructure - Clean energy

13-01-2020

Background

On 9 January 2020, REPDO invited developers to prequalify via a request for qualifications (“RfQ”) for the third round of the NREP in the Kingdom of Saudi Arabia.

Third round of the NREP

There will be four photovoltaic (“PV”) solar projects with a total combined capacity of 1.2GW.

Projects in Round 3 will be divided into Category A and Category B. Similar to Round 2, the Category A and Category B projects in Round 3 will be procured in a similar manner but their respective financing and eligibility requirements will differ. The projects are as follows:

Category A projects have a total capacity of 200 MW, while Category B projects have a total capacity of 1GW.

We have set out the timeline for Round 3 projects below:

Iwan Walters, Head of Clean Energy for MENA, commented that “The release of Round 3 is another extremely important step by REPDO in the overall clean energy program in KSA. Round 2 is progressing well and has a target of 1.5 GWs and there is a great deal of interest in Round 2. Now that the details of Round 3 have been released, there will be an additional 1.2 GW of clean energy in progress by REPDO. The REPDO projects are in addition to the other clean energy programmes being developed in KSA. The release of Round 3 also gives the market a clear signal that REPDO is firmly on its way to deliver its ambitious targets in KSA.”

If you would like to discuss clean energy opportunities in KSA, the above or the market generally, please contact the team below.