Saudi Arabia to launch 1GW solar tender
Saudi Arabia aims to invest more than US $109bnbn in solar energy.
Saudi Arabia will issue a 700-1000MW solar power tender by the end of 2014, Middle East Solar Industry Association (MESIA) president Vahid Fotuhi said recently.
“If everything holds, then we will have the introductory round of projects unveiled by the end of the year. This will be roughly 1000MW, between 700-1000MW. They are targeting 40-42GW, 1GW is not that big in the grand scheme of things,” PVTECH quoted Fotuhi as sating.
“They are in the process of screening technical advisors who are going to help them put together the blueprints for these commercial contracts and also train the local Saudis on how to oversee and implement these projects including the tendering. That’s going on now,” he added.
Saudi Arabia aims to invest more than US$109bn billion in solar energy.
“This will instil a lot of excitement and a lot of confidence. People will see this is just the first step and once it is announced, within short order, they’ll see other project unveiled and the momentum will build as they get traction. This is the beginning of a very exciting chapter for the Middle East and especially for Saudi Arabia,” he added.