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Page added on April 10, 2017

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Saudis to Seek Bids for 700-Megawatt Wind and Solar Projects

Alternative Energy

Saudi Arabia will begin seeking bids next week from renewable-energy companies to build wind and solar plants with a combined capacity of 700 megawatts as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption.

Energy Minister Khalid Al Falih will announce a request for proposals for the projects, the next phase in the country’s bidding process, at a conference next week in Riyadh, the ministry said Monday in an emailed statement. The ministry qualified 27 companies to bid for a 300-megawatt solar plant and 24 firms for a 400-megawatt wind farm.

The project is part of a plan to transform the Saudi economy by weaning it off oil and creating new industries. Other Middle Eastern countries including the United Arab Emirates, Jordan and Morocco are also developing renewable energy to curb fuel imports or conserve crude oil for export. Saudi Arabia plans to develop almost 10 gigawatts of renewables by 2023, requiring investment of $30 billion to $50 billion, Al-Falih said in January.

First Solar Inc. of the U.S. and the renewable energy units of Italy’s Enel SpA, France’s Total SA and Electricite de France SA, and Spain’s Acciona SA and Iberdrola SA are among the qualified companies, according to the statement.

Potential bidders from the Middle East include Abu Dhabi’s Masdar, Saudi Arabia’s ACWA Power International and Fotowatio Renewable Ventures BV, a Spanish unit of the Abdul Lateef Jameel Group, a Saudi conglomerate. Asian companies that qualified include JinkoSolar Holding Co. of China, Korea Electric Power Corp. and Japan’s JGC Corp. and Marubeni Corp.

The ministry’s renewable-energy team selected from among 128 applications. Qualified companies can act as managing or technical members of a group bidding for work, the ministry said. Companies that didn’t qualify can team up with others that did to make a joint bid. Offers will be accepted from April 17 through July, the ministry said in February.

bloomberg



18 Comments on "Saudis to Seek Bids for 700-Megawatt Wind and Solar Projects"

  1. BobInget on Mon, 10th Apr 2017 6:40 pm 

    That’s exactly where we should be going.
    I’ll bet 80 million$ just splurged on Tomahawk missiles
    would have gone a short distance toward a few giga watts.

    “How much do solar panels cost?”

    “In 2017, most homeowners are paying between $2.87 and $3.85 per watt to install solar, and the average gross cost of solar panels before tax credits is $16,800. Using the U.S, average for system size at 5 kW (5000 watts), solar panel cost will range from $10,045 to $13,475 (after tax credits)”.

  2. Plantagenet on Mon, 10th Apr 2017 6:46 pm 

    If Saudi Arabia keeps this up then when the oil runs out they will be in a good position to be the Saudi Arabia of renewable energy.

    Cheers!

  3. BobInget on Mon, 10th Apr 2017 6:51 pm 

    Ya just can’t export oil used to keep that Saudi indoor ski slope cold or desalinate ocean water or air condition every habitat in the nation. It won’t be long till working outdoors in summer will be intolerable.
    Watch for the next major robotics project to be in KSA.

  4. Anonymouse on Mon, 10th Apr 2017 8:18 pm 

    If plantytard keeps this up he will be a in good position to be the Saudi Arabia of renewable stupidity.

    Cheerio retard!

  5. Sissyfuss on Mon, 10th Apr 2017 11:51 pm 

    Saudis actions seem be warning investors that the Aramco IPO will be as rewarding as enrolling in Trump University.

  6. Cloggie on Tue, 11th Apr 2017 2:41 am 

    Hmmm, oil capital of the world KSA, moving into renewable energy. No wonder they want to sell their oil business. What do they know they don’t tell us?

  7. Cloggie on Tue, 11th Apr 2017 2:45 am 

    If plantytard keeps this up he will be a in good position to be the Saudi Arabia of renewable stupidity.

    For your information Anonytard, KSA has a lot of formerly useless land and predictable sunshine, that can be turned into liquid ammonia and shipped to foreign markets. KSA definitely has a renewable competitive edge. Now go club a seal.

    https://deepresource.wordpress.com/2017/04/08/ammonia-as-storage-medium/

    Cheers!

  8. rockman on Tue, 11th Apr 2017 8:42 am 

    For years folks to lazy to do 60 seconds of Internet search criticized the KSA for not switching from oil to NG. The following not only explains that foolishness but also why the KSA is now going with alt energy sources: NG reserves are looking at their end game just as is oil:

    “Saudi Arabia is a noteworthy country in terms of natural gas due to both its significant natural gas potential and current natural gas utilisation. As of 2014, Saudi Arabia’s total proved natural gas reserves were 8,500 bcm, which gave them the sixth most proved natural gas reserves globally and the third most in the Middle East specifically. This huge base of proved natural gas reserves has allowed Saudi Arabia to be a large natural gas producer throughout the years.

    Saudi Arabia produced 102 bcm of natural gas in 2014, which made them the eighth largest natural gas producer in the world. Additionally, it marked the fifth consecutive year of increasing natural gas production in Saudi Arabia, illustrating that Saudi Arabia has emphasised growing their domestic production in order to continue to meet their energy demand.

    Furthermore, Saudi Arabia was the world’s fifth largest consumer of natural gas in 2014 as they consumed 108 bcm. The country’s natural gas consumption has continued to grow as has natural gas’s role in Saudi Arabia’s current energy mix. In 2014, natural gas made up ~41% of Saudi Arabia’s primary energy consumption.

    Currently, Saudi Arabia does not import or export natural gas and therefore they have not established themselves as a global natural gas supplier even though they produce significant amounts of it. Additionally, Saudi Arabia has been able to achieve important energy security of supply due to the fact that they only rely on themselves to meet their natural gas consumption. However, this also means that Saudi Arabia will have to continue to produce at a high levels going forward to meet their domestic demand.”

  9. Kenz300 on Tue, 11th Apr 2017 8:48 am 

    Fossil fuels are the past. Wind and solar are the future.

    Wind And Solar Now Cheapest Unsubsidized Electricity Sources In The U.S.
    http://seekingalpha.com/article/4031497-wind-solar-now-cheapest-unsubsidized-electricity-sources-u-s

    World Energy Hits a Turning Point: Solar That’s Cheaper Than Wind – Bloomberg
    https://www.bloomberg.com/news/articles/2016-12-15/world-energy-hits-a-turning-point-solar-that-s-cheaper-than-wind

    Solar cheaper than natural gas and coal. Climate Change will be the defining issue of our lives.

  10. joe on Tue, 11th Apr 2017 9:51 am 

    Solar plants etc, great and good etc. Lots of problems though. Very bad strategic resource. Will isis promise not to break them etc? Oil is perfect, you can store it, hide it etc…
    Anyone catch my drift? I mean when I think of solar I think of Easter islanders saying to each other ‘there be lots of trees here, many, and we can regrow after, yes um’.
    Saudi vanity projects in the worlds most centrally planned economy is great and all, but forgive me if I send them more beads (fiat dollars) for their nice oily oil.

  11. Dredd on Tue, 11th Apr 2017 10:30 am 

    A company from which country will win the bid (U.S. … China … UAE …) ??

  12. Plantagenet on Tue, 11th Apr 2017 12:01 pm 

    Cloggie

    You are a perceptive and intelligent person.

    Cheers!

  13. Anonymouse on Tue, 11th Apr 2017 1:04 pm 

    RoFL

    Cheerio, retard!

  14. Simon on Tue, 11th Apr 2017 2:31 pm 

    joe … oil go boom

  15. GregT on Tue, 11th Apr 2017 5:19 pm 

    “Cloggie-You are a perceptive and intelligent person.”

    Sounds like Cloggie has planter’s panties in a knot. Careful Cloggie, she’s not exactly emotionally stable.

  16. Cloggie on Tue, 11th Apr 2017 5:32 pm 

    Sometimes Plant has point 🙂

  17. Sissyfuss on Tue, 11th Apr 2017 5:56 pm 

    Yeah, Cloggedfrog, but it’s on the top of his head.

  18. GregT on Tue, 11th Apr 2017 7:14 pm 

    Her head Sissy. Planter is a female.

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