Principal Buyer unveils shortlisted bidders for Round 5 Solar Projects

Principal Buyer unveils shortlisted bidders for round 5 solar projects

Logo of Saudi Power Procurement Co. - Principal Buyer

Saudi Power Procurement Co. (Principal Buyer) announced shortlisted bidders for Round 5 Solar Projects, as part of the National Renewable Energy Program (NREP), supervised by the Ministry of Energy.

In a statement today, Oct. 21, the company said each winner will enter into a 25-year power purchase agreement with the Principal Buyer on a build, own, and operate (BOO) basis.

Project

Bidders

Managing Member

Technical Member

Consortium Member

LCOE (Hals/kWh(

Al-Sadawi Project

(2000 MW)

Bidder 1

(Shortlisted)

Bidder 2

(Shortlisted)

Abu Dhabi Future Energy Co. (Masdar)

SPIC Huanghe Hydropower Development Co. Ltd.

Abu Dhabi Future Energy Co. (Masdar)

EDF Renouvelables S.A.

Korea Electric Power Corporation

GD Power Development Co., Ltd

4.84736

4.92019

Al-Masaa Project (1000 MW)

Bidder 1

(Shortlisted)

Bidder 2

(Shortlisted)

SPIC Huanghe Hydropower Development Co. Ltd.

Al Jomaih Energy and Water Co.

EDF Renouvelables S.A.

TotalEnergies Renewables

5.13228

5.25462

Al-Henakiyah2 Project

(400 MW)

Bidder 1

(Shortlisted)

Bidder 2

(Shortlisted)

SPIC Huanghe Hydropower Development Co. Ltd.

Abu Dhabi Future Energy Co. (Masdar)

EDF Renouvelables

Abu Dhabi Future Energy Co. (Masdar)

Korea Electric Power Corp.

Nesma Co.

5.13228

5.25462

Rabigh2 Project

(300 MW)

Bidder 1

(Shortlisted)

Bidder 2

(Shortlisted)

Al Jomaih Energy and Water Company

Abu Dhabi Future Energy Co. (Masdar)

TotalEnergies Renewables

Abu Dhabi Future Energy Co. (Masdar)

Korea Electric Power Corp.

Nesma Co.

6.68019

7.11891

For more news and details on the projects

On Feb. 8, 2024, the Principal Buyer issued the request for proposal (RFP) for 3,700 MW projects, including the [2000] MWac Al Sadawi Solar PV IPP, the [1000] MWac Al Masa’a Solar PV IPP, the [400] MWac Al Henakiyah 2 Solar PV IPP, and the [300] MWac Rabigh 2 Solar PV IPP.

In August, the company received six bids for each project, which were evaluated to ensure commitment to the technical and commercial requirements.

SPPC is responsible for the predevelopment, tendering, and subsequently procuring the energy from the projects. To date, SPPC has awarded over 19 GW of renewable energy capacity under NREP.

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