Saudis to Seek Bids for 700-Megawatt Wind and Solar Projects
- Energy Ministry qualifies 51 companies to bid for power plants
- First Solar, renewables unit of EDF among qualified companies
Khalid Al Falih.
Photographer: F. Carter Smith/BloombergThis article is for subscribers only.
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.