- SPPC has announced the shortlisted bidders for its 1.5 GW solar tender
- The consortium led by Masdar has partnered with EDF Renouvelables and Nesma Company
- Jinko Power has teamed up with Sun Glare Holding and Sunlight Energy Holding for both the projects
The Saudi Power Procurement Company (SPPC) has zeroed in on the consortiums headed by China’s Jinko Power and Abu Dhabi’s Masdar for round 4 of its 1.5 GW solar PV capacity tender. Once online, it will power 265,000 residential units annually.
For the 1.1 GW Al Henakiyah Solar Project, Masdar and its consortium partners EDF Renouvelables and Nesma Company have offered a bid of SAR 0.0631575 ($0.016842)/kWh.
For the same project, which the local media reports to be a floating solar plant, Jinko Power, with its partner Sun Glare Holding and Sunlight Energy Holding, has offered the bid of SAR 0.0642126 ($0.0171234)/kWh.
The other 400 MW Tabarjal project has the Jinko Power consortium as the lowest bidder with SAR 0.0640482 ($0.0170795)/kWh, while Masdar consortium is in the running with SAR 0.0725967 ($0.0193591)/kWh.
Both these tendered projects are part of round 4 of Saudi Arabia’s National Renewable Energy Program and were launched along with 1.8 GW wind energy capacity (see Saudi Arabia launches 3.3 GW Renewables Tender).