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KSA: Renewable Energy Project Development Office (“REPDO”) releases an overview of Saudi Arabia’s Renewable Energy Program

  • United Kingdom
  • Energy and infrastructure - Clean energy

15-01-2019

Background

As part of the Kingdom of Saudi Arabia’s Vision 2030 national development strategy emphasizing the country’s commitment to a cleaner future, REPDO has released an announcement on renewable energy targets. REPDO announced a revised five year target of 27.3 GW by 2023 and a new twelve year target of 58.7 GW by 2030.

Update on projects

REPDO believe that over 35 parks will be developed by 2030, spread across the Kingdom to promote regional development. Projects are being pre-developed to boost bankability and expedite execution, with pre-development studies in geotechnical, hydrology, energy yield, grid impact, environmental and permitting to be carried out by REPDO.

It is estimated that REPDO will complete all pre-development studies for sites with a total capacity of 13 GW by the end of 2019. Furthermore, 11 pre-developed solar projects will be tendered during 2019 and 1 pre-developed wind farm with a capacity of 850 MW in 2019.

Dumat Al Jandal winning consortium

As part of the update, REPDO also announced that the consortium consisting of EDF Renewables and Masdar (Abu Dhabi Future Energy Company PJSC), has won the tender for the Dumat Al Jandal wind farm with a bid price of 2.13 cents per kilowatt hour.

The future wind farm will benefit from a 20-year power purchase agreement (PPA) with the Saudi Power Procurement Company, a subsidiary of SEC (Saudi Electricity Company), the Saudi power generation and distribution company.

If you would like to discuss the above, any other clean energy opportunities in KSA or the wider MENA region, or the market generally, please contact the team below.

For more information contact

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