The round, announced by the Renewable Energy Project Development Office (REDPO) this week, will be divided into two categories, with one aimed at smaller firms, competing for projects like the Layla 80 MW solar PV and Wadi Al Dawaser 120 MW solar PV projects, and another aimed at much larger utility-scale projects, including the 300 MW Saad solar PV and 700 MW Ar Rass solar PV plants.
The Kingdom’s renewable energy programme has grown exponentially since the first round launched in 2017, which targeted 300MW of capacity and the second, launched in March last year, which targeted 1.5GW of capacity.
For a longer read on the project outlook in the GCC, click here.
