Saudi Arabia’s second PV tender draws world record low
bid of $0.0104/kWh
The record low price was offered
for the 600 MW Al Shuaiba PV IP project, which competed in the second
round of the country’s procurement scheme for renewable energies.
April 8, 2021
The crown prince of Saudi Arabia, Mohammad
bin Salman bin Abdulaziz, revealed today that power purchase
agreements for seven large-scale solar power projects in various
regions of the Kingdom were signed by the government and several
“The output capacity of these projects, in addition to the projects of
Sakaka and Dumat Al-Jandal, will amount to more than 3,600 MW,” he
said in a statement, adding that one of the projects –
the 600 MW Al Shuaiba PV IP project–
will sell power at a world record low price of $0.0104/kWh. The
project was selected by the Ministry of Energy in Round 2 of the
procurement scheme that is being held under the umbrella of the
National Renewable Energy Program
The 3.6 GW of capacity refers to the cumulative installed power that
was assigned through the first two rounds of the scheme, including the
Sakaka solar plant,
which was connected to the grid in November 2019
in November 2019, and the
1.5 GW Sudair project,
which is being developed in direct negotiations with the Saudi
“More renewable energy projects will follow across the Kingdom, which
we will announce when the time comes,” the crown prince stated,
without providing further details on the results of Round 2.
second round of the
program initially drew
In July, REPDO said the number of bidders it had narrowed the bidders
60 companies, including 28
that were based in Saudi Arabia.
*The headline was amended on April 8 to reflect that the price is per
This content is protected by copyright and may not be reused. If you
want to cooperate with us and would like to reuse some of our content,
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
509 995 1879 cell, Pacific.