Saudi launches solar power procurement programme
Kingdom plans to have 23,900 MW of renewables capacity by 2020
Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy (K.A.CARE) has released its much-anticipated White Paper, outlining how its procurement programme for its massive renewable energy initiatives is set to unfold.
The announcement heralds the start of a registration period for companies to register interest and discover more about the programme, ahead of the launch of the introductory procurement round.
Speaking on the development, Vahid Fotuhi, president of the Emirates Solar Industry Association (ESIA), said: “This is a very important milestone, both for Saudi Arabia and the Middle East solar market as a whole. ESIA will continue to work closely with KA.CARE to make sure this programme becomes a resounding success and a benchmark for excellence.”
Accessed through KA.CARE’s ‘Renewable Energy Competitive Procurement Portal’ (at http://www.kacare.gov.sa/cpp/), the introductory round will see around 2GW to 3GW of capacity added through between five to seven projects. The second round is then expected to add between 3-4GW of additional capacity.
KA.CARE is targeting a massive 54GW of renewable energy capacity by 2032, with a total 23,900 MW added by 2020. Around 5,100 MW of capacity is expected to be added in the first five years of the programme.