Details of Saudi renewable energy programme's Round 1 revealed
Two independent power producer projects, each with 300MW and 400MW capacity, are included in Round 1 of Saudi Arabia's National Renewable Energy Program
Details of the first round of Saudi Arabia's National Renewable Energy Program (NREP) have been revealed.
Round one of NREP comprises a 300-megawatt (MW) solar photovoltaic (PV) facility in Sakaka, Al Jouf.
Bids for the project will open on 3 October, 2017, and the victorious document is to be announced on 27 November, 2017.
A 400MW wind power plant in Dumat Al Jandal marks the second of two tenders for round one of the NREP, Saudi's state agency reported.
The Dumat Al Jandal and Sakaka projects are 100% independent power producer (IPP) developments.
Power purchase agreements spanning 20 and 25 years will respectively back both projects.
Round two of NREP will be launched "before the end of this year", Eng Khalid Al-Falih, the Minister of Energy, Industry and Mineral Resources, said.
Technical criteria for round one NREP projects include a 30% local content requirement.
The figure will increase in future rounds to stimulate the kingdom's supply chain for the renewable energy sector.