Saudi Arabia Issues RFQ for FOUR SOLAR Projects Totaling 1.2GW
DESPARDES Report — Saudi Arabia’s Ministry of Energy has issued Request For Qualification (RFQ) for four solar projects with deadline for the submission of documents latest by February 6, 2020, no later than 3PM local standard time.
The round three projects which fall under the Kingdom’s National Renewable Energy Program (NREP), and have a cumulative capacity of 1,200 MW = 1.2GW, have been divided into two categories:
Category A will target smaller companies which include Layla (80 MW) and Wadi Al Dawaser with 120 MW of solar projects
Category B will have Saad with 300 MW and Ar Rass with 700 MW of projects.
The ministry plans to issue Request for Proposal (RFP) to qualified bidders on March 19, 2020.
For projects under Category A, the applicant should have the experience as a developer for 15 years and should have developed projects of a minimum of 300 MW, which is in operation globally. Besides this, the interested bidder should have had the experience of developing 100 MW of solar projects. The bidder should have a minimum net worth of $50 million.
For projects under Category B, the bidder should have experience of developing a minimum capacity of 500 MW in the last 15 years globally. Besides this, the developer should have an experience of fifteen years as a developer for a minimum capacity of 200 MW of solar projects.
Further, the interested bidder should have a net worth of ~$100 million and an experience in developing a limited or non-recourse financing package for projects in the last ten years.
According to the RFP document for the Round 3 Category A and B projects will require the managing member to hold at least 30% of the shares in the local project company.
Regarding the technical eligibility criteria, interested bidders should have the necessary technical experience in the design, procurement, construction, and operation of solar PV projects.
For a bidder to submit a bid at the RfP stage, the applicants must form a consortium that contains a suitably prequalified local managing member, managing member, and a technical member.
Prospective bidders can access RFQ documents through the program’s dedicated procurement portal at: https://www.powersaudiarabia.com.sa