January 30 (Renewables Now) - Saudi Arabia has launched the second round of its solar power tender programme, seeking expressions of interest (EoI) for 1.51 GW of solar projects.
The EoI was issued by the Renewable Energy Project Development Office of Saudi Arabia's Ministry of Energy, Industry and Mineral Resources (MEIM) on Tuesday. Its goal is to identify candidates for the development and construction of seven new solar independent power producer (IPP) projects. The capacities of those schemes will range between 20 MW and 600 MW, the largest one being the Alfaisaliah project.
Interested parties will be able to express their interest in taking part in a solicitation process by February 14,
The seven photovoltaic (PV) projects will require a total investment of USD 1.51 billion (EUR 1.32bn). If constructed, the plants will be able to generate enough power to supply 226,500 homes per year.
Under its renewable energy programme, Saudi Arabia aims to lift its installed wind and solar power capacity to over 25 GW in the next five years and 60 GW over the next decade. Last year, ACWA Power was selected in a tender to develop the 300-MW Sakaka solar farm, its first utility-scale renewable energy plant.
(USD 1.0 = EUR 0.875)