Saudi Arabia Launches 3.7 GW Solar Projects in Fifth Round of NREP

Saudi Arabia is set to advance its commitment to renewable energy with the announcement of the fifth round of its National Renewable Energy Programme (NREP), aiming to award four solar projects with a combined capacity of 3.7 GW.

The Saudi Power Procurement Company (SPPC) officially opened the qualification process, inviting companies to participate in the development of these solar schemes.

The largest project in this round, named Al Sadawi, is proposed for construction in the Eastern Province with an impressive capacity of 2 GW. Additionally, the Hail Region is designated for the 1-GW AlMas'a project, while two more solar parks—Al Henakiyah 2 (400 MW) and Rabigh 2 (300 MW)—are planned for the Al Madinah and Makkah regions, respectively.

This move follows closely on the heels of the recent off-take deals signed by the principal electricity buyer in Saudi Arabia for two projects: the 1,100 MW Al Henakiyah and the 400 MW Tabarjal schemes. The former was awarded to a consortium comprising Masdar, EDF Renewables, and Saudi-based Nesma Renewable Energy at a competitive price of USD 16.84 (EUR 15.76) per MWh. Simultaneously, the second solar park is slated to be developed and operated by Jinko Power Technology Co. Ltd.

Saudi Arabia's push for these solar initiatives underscores its commitment to diversify its energy sources, reduce dependency on conventional fuels, and contribute to global efforts to combat climate change.