SEC Releases RfP For 2 Solar Projects – First Of Many Opportunities For IPP And IWP Developers

Against a backdrop of persistently soft oil prices, the Kingdom of Saudi Arabia is pivoting away from the direct procurement of generation capacity and re-invigorating the privately-financed IPP model. As input costs fall and consistent with government policy a significant portion of such new capacity will come from solar. This represents a significant opportunity for local and international developers, contractors and suppliers.

The Saudi Electricity Company (SEC) has invited pre-qualified companies to submit proposals for two photovoltaic independent power projects, with a total capacity of 100MW. The projects are to be located in the northern region of the Kingdom of Saudi Arabia (KSA).