Saudi Power Procurement Company (Principal Buyer) has released a request for qualification (RFQ) for the eighth round of solar and wind projects under the kingdom’s National Renewable Energy Program (NREP).
The Principal Buyer is the entity responsible for conducting predevelopment studies, tendering power generation projects, and signing power purchase agreements and storage services agreements with project developers.
Round 8 projects will boast a combined capacity of 3200MW. It comprises 900 MW Tumair Solar PV IPP in Riyadh Region and 1000MW East Al Amoah Solar PV IPP in Aseer Region as well as 1,300 MW Al Mozeraah Wind IPP in Makkah Region.
The NREP, which is led and supervised by the Saudi Ministry of Energy, aims to increase the share of installed capacity from renewable energy sources and energy storage systems in the energy mix to reach around 50% by 2030, subject to electricity demand growth, it added.-TradeArabia News Service
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