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Saudi auction for 400 MW of wind attracts 4 bids

Image source: Wood Group

July 24 (Renewables Now) - The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s energy ministry has received four bids as part of its 400-MW wind power auction, with one as low as SAR 79.97 (USD 21.33/EUR 18.22) per MWh.

Groups led by ACWA Power, EDF Energies Nouvelles SA (EDF EN), Enel Green Power SpA and an Engie SA (EPA:ENGI) subsidiary have made bids to secure the rights for the construction of the 400-MW Dumat Al Jandal wind park in the region of Al Jouf.

The consortium led by EDF EN, also including the Abu Dhabi Future Energy Company PJSC, better known as Masdar, has made the above-mentioned lowest bid for 400 MW of capacity. At the same time, the Engie-owned International Power SA, Dubai Branch and Saudi Services for Electro Mechanic Works Co (SSEM) have bid SAR 88.70/MWh for 404.7 MW.

ACWA Power and Martifer Renewables have submitted a bid of SAR 101.13/MWh for 394.4 MW, while Enel Green Power and Al Babtain Contracting Company LLC have bid SAR 127.14/MWh for 418.46 MW.

The project is expected to be awarded on December 18. It will get a 20-year power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC).

This is the first utility-scale wind project within the country’s National Renewable Energy Program (NREP), according to a previous press statement. It represents the second of two tenders for round one of the NREP, which also involves the 300-MW solar project in Sakaka, Al Jouf region.

(SAR 1.0 = USD 0.267/EUR 0.228)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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