• Renewable Energy Project Development Office (REPDO) Shortlists 27 Companies for its Solar Project and 24 Companies for its Wind Project 
  • More than 120 companies Submitted Statements of Qualification for Round 1 
  • His Excellency Khalid Al Falih to Announce RFP Stage during Inaugural Saudi Arabia Renewable Energy Investment Forum (SAREIF) next week 
  • International Renewable Energy Agency Director General H.E Adnan Amin and Former US Secretary of Energy Dr Ernest Moniz to speak at Forum 

Riyadh – Kingdom of Saudi Arabia, April 10, 2017: The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has shortlisted qualified companies for round one of the National Renewable Energy Program (NREP). The qualified bidders have been identified based on a clear set of criteria that ensures bidders are both experienced and capable of delivering utility scale renewable energy projects.

REPDO has qualified 27 companies for the 300MW solar PV project, and 24 companies for the 400MW wind farm. The qualified companies will proceed to the RFP stage as either ‘managing members’, ‘technical members’ – or both – based on their experience in delivering IPP projects of this scale.

Companies that have not qualified as either a managing or a technical member for round one, can still be involved in both projects as part of a consortium formed by a qualified managing member and technical member. The shortlisted companies have been selected from 128 total applications. The request for qualification (RFQ) period closed on March 20th, 2017.

“The market response to the Kingdom’s invitation to its first renewable energy projects has been overwhelmingly positive, demonstrating market confidence in our vast renewable energy potential and investment environment,” said His Excellency, Khalid Al Falih, Minister of Energy, Industry and Mineral Resources.

“The shortlisting represents the first step towards realizing our renewable energy ambitions,” continued H.E Al Falih. “We look forward to engage more with these leading private developers during the next phase of the procurement process to demonstrate the value that they may bring to the Kingdom.”

His Excellency, Khalid Al Falih will announce the next phase of the Kingdom’s first utility scale renewable energy projects during the inaugural Saudi Arabia Renewable Energy Investment Forum (SAREIF), taking place next week in Riyadh on April 17-18.

The two-day event will feature a keynote address from the Minister, followed by further keynotes by H.E Adnan Amin, Director General of the International Renewable Energy Agency (IRENA) and Dr. Ernest Moniz, former US Secretary of Energy , who was responsible for implementing the US Clean Power Plan.

SAREIF will also feature several other prominent representatives of the Kingdom’s energy community including H.E Mohammed Al Jasser the Chairman of the Electricity & Cogeneration Regulatory Authority, H.E Hashim Yamani the President of King Abdullah Center for Atomic and Renewable Energy, H.E Abdullah Al Shehri the Governor of the Electricity & Cogeneration Regulatory Authority. The event will mark a key moment in Saudi Arabia’s progress towards energy diversification, helping to catalyze investment in the long-term program by facilitating dialogue between policy makers, developers, investors and academics from the region and around the world.

ENDS

Companies that qualified as managing and technical members for the 300MW Solar PV project, under the National Renewable Energy Program are:

Qualified companies R1

For more information on the agenda and to register your attendance at The Saudi Arabia Renewable Energy Investment Forum, please visit:

www.saudirenewablenergyforum.com

About the National Renewable Energy Program

Saudi Arabia’s National Renewable Energy Program (NREP) is a long term, multifaceted renewable energy strategy designed to balance the domestic power mix in order to deliver long term economic stability and prosperity to the Kingdom, whilst working towards carbon reduction commitments. The NREP is managed and executed by the Ministry of Energy, Industry and Mineral Resources (MEIM), directly supporting Saudi Arabia’s National Transformation Program (NTP) and Vision 2030. The office responsible for the delivery of the NREP is The Renewable Energy Project Development Office (REPDO), an official office within the MEIM. The Program will be phased and rolled out in a systematic and transparent way to ensure that the Kingdom benefits from the cost-competitive nature of renewable energy. The National Renewable Energy Program aims to substantially increase the share of renewable energy in the total energy mix, targeting the generation of 3.45 gigawatts (GW) of renewable energy by 2020 under the National Transformation Program (NTP), and 9.5GW by 2023, towards Vision 2030.

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