Saudi seeks global tender for two solar plants
The tender is the first by Saudi Arabia to seek international partners to cooperate in building and operating renewable-energy facilities
Saudi Electricity Company (SEC) is accepting bids from international developers to build two solar-power plants in the Kingdom’s northern region, the company announced on its website.
The plants will each generate as much as 50 megawatts (MW) using photo-voltaic technology, which produces power directly for solar cells, according to a tender announcement.
The utility is asking international companies to submit by June 20.
The tender is the first by Saudi Arabia to seek international partners to cooperate in building and operating renewable-energy facilities, according to the Middle East Solar Industry Association.
Saudi Arabia is developing renewable energy to take advantage of its ample sunlight and to diversify energy supply amid rising demand, Saudi Gazette reported.
Yet renewable resources will only account for about 10 percent of total power capacity compared with the previous target of about 50 percent, Energy Minister Khalid Al-Falih said last week during a presentation of the Kingdom’s long-term strategy to overhaul the economy.
HSBC Holdings Plc’s Saudi unit is acting as financial consultant for the tender, DLA Piper is legal adviser, and DNV GL is technical consultant, Saudi Electricity said.