Saudi Arabia has launched the first two tenders of its much-awaited 9.5GW renewable energy program.
Under Round 1, the country has opened requests for qualifications for the 400MW Midyan wind farm in Al Jouf province and the 300MW Sakaka solar park in Tabuk province.
Its Renewable Energy Project Development Office is seeking companies to build, own and operate the projects. Both sites have undergone full predevelopment work, according to the ministry.
The office will accept submissions until 20 March and will seek requests for proposals from 17 April.
The wind project will be backed by a 20-year power purchase agreement and the photovoltaic plant with a 25-year deal.
Saudi Arabia’s National Renewable Energy Programme aims to drive the installation of 9.5GW of clean power capacity by 2023, with an interim target of 3.45GW by 2020.
Source: renews.biz
