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Saudi renewable round six tender due by year-end

26 June 2024

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The procurement process for round six of Saudi Arabia's National Renewable Energy Programme (NREP), which is being implemented by principal buyer Saudi Power Procurement Company (SPPC), is expected to start sometime later this year.

According to sources familiar with the NREP programme, the next round is anticipated to include contracts to develop and operate solar, wind and battery energy storage system (bess) projects.

MEED understands the locations and capacities for these round six projects are being finalised.

Two sources also told MEED that they expect SPPC to award the final scheme from the previous round, the 700MW Yanbu wind independent power project (IPP), before it starts the round six procurement process.

Fifth round

At least five consortiums are preparing to submit proposals by 22 July for the contracts to develop and operate four solar photovoltaic (PV) projects with a total combined capacity of 3,700MW under the NREP fifth round.

According to industry sources, the consortiums that are expected to bid for the contracts to develop and operate these four solar PV projects include:

  • Abu Dhabi Future Energy Company (Masdar, UAE) / EDF Renewables (France) /  SPIC Huanghe Hydropower Development (China)
  • Marubeni Corporation (Japan) / Partner/s
  • Kahrabel/Engie (France) / Partner/s
  • Korea Electric Power Corporation (Kepco) / Partner/s
  • Saudi Electricity Company (SEC, local) / Jinko Power (China)

The following solar PV projects and their capacities make up round five of the NREP:

  • Al-Sadawi solar IPP (Eastern Province): 2,000MW
  • Al-Mas solar IPP (Hail): 1,000MW
  • Al-Hinakiyah 2 solar IPP (Medina): 400MW
  • Rabigh 2 solar IPP (Mecca): 300MW

US/India-based Synergy Consulting is providing financial advisory services to SPPC for the NREP fifth- and sixth-round tenders.  

The round five solar PV IPPs took the total capacity of publicly tendered renewable energy projects in Saudi Arabia to over 10,300MW. Solar PV IPPs account for 79%, or about 8,100MW, of the total capacity. Four wind IPPs account for the remaining capacity.

SPPC is procuring 30% of the kingdom's target renewable energy installed capacity by 2030. The PIF is procuring the rest through the Price Discovery Scheme and has appointed Acwa Power, which it partly owns, as principal partner for these projects.

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Jennifer Aguinaldo

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