September 17 (Renewables Now) - Saudi Arabia has a new head of the Renewable Energy Project Development Office (REPDO) as the Kingdom’s energy ministry appointed Faisal Abdullah Al-Yemni as such, effective immediately.
With more than 15 years of experience in the energy industry, Al-Yemni joins REPDO from the GCC Assets Investment & Development Company, where he served as the CEO.
Al-Yemni is tasked with overseeing the National Renewable Energy Program (NREP), including Round-2 projects that will be tendered this year. The purpose of the NREP is to help achieve the target of having 27.3 GW of renewable energy by 2024 and 58.7 GW by 2030.
Among the schemes that have already been tendered are the 400-MW Dumat Al Jandal onshore wind project and the 300-MW Sakaka solar photovoltaic (PV) project. In July, Dumat Al Jandal marked a new global record low levelised cost of energy (LCOE) by closing at USD 0.0199 (EUR 0.018) per kWh.
Recently, REPDO kicked off the process to award six additional projects totalling 1.47 GW and expects to tender a further six with a combined capacity of 1.58 GW by the end of 2019.
(USD 1.0 = EUR 0.908)