Saudi Arabia NREP Round 3 Shortlisted Bidders

TotalEnergies Offers Lowest Bid For Saudi Arabia’ NREP Auction Round 3

Saudi Arabia NREP Round 3 Shortlisted Bidders

Winners of round 3 of NREP auction in Saudi Arabia will enter 25-year PPAs with SPPC, the Ministry of Energy said. (Photo Credit: Ministry of Energy, Saudi Arabia)

  • Saudi Arabia has released a list of shortlisted bidders for its NREP 1.2 GW solar capacity round 3
  • Lowest bid has come for a 120 MW solar project with TotalEnergies offering to build it for SAR 0.0700059 per kWh under category A
  • Under category B, JinkoPower is in the running with lowest bid of SAR 0.0556255 per kWh

The Saudi Arabian Ministry of Energy has released a list of bidders shortlisted for the country’s National Renewable Energy Program (NREP) round 3 auction. Winners, once announced, will enter into 25-year power purchase agreements (PPA) with Saudi Power Procurement Company (SPPC).

In March 2020, the Renewable Energy Project Development Office (REPDO) of Saudi Arabia released a list of 49 companies having pre-qualified for the 1.2 GW solar power tender round 3 (see 49 Companies Pre-Qualified For Saudi’s Round 3).

Category A projects

France’s TotalEnergies has offered the lowest bid in this round, for 120 MW Wadi Ad Dawasir Solar PV IPP with SAR 0.0700059 ($0.019) per kWh. Saudi Arabia’s ACWA Power led consortium of China’s SPIC and Water and Electricity Holding Company is also bidding for this project with SAR 0.0983772 ($0.026) per kWh.

The same ACWA Power led consortium is also shortlisted for 80 MW Layla Solar PV IPP having offered SAR 0.1118905 ($0.030) per kWh as the levelized cost of electricity (LCOE). Another Saudi Arabian company Alfanar with Asma Capital Partners has offered SAR 0.1218726 ($0.032) per kWh.

Category B projects

Comprising large scale projects under category B, for 700 MW Ar Rass Solar PV IPP, ACWA Power led consortium has bid for SAR 0.0562342 ($0.015) per kWh. The other shortlisted bidder for the same project is China’s JinkoPower (HK) Company Limited with SAR 0.0576232 ($0.015) per kWh.

JinkoPower is also interested in building 300 MW Saad Solar PV IPP project with SAR 0.0556255 ($0.015) per kWh. For the same project, Abu Dhabi’s Masdar and EDF Renouvelables and Nesma have offered SAR 0.0685321 ($0.018) per kWh.

Back in April 2021, the country’s Crown Prince Mohammed Bin Salman had claimed 600 MW Shuaibah PV project to have been contracted for the lowest winning bid of $0.0104 per kWh (see World Record Low Solar Bid Of $0.0104/kWh In Saudi Arabia).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.

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