A team led by the UAE-based Abu Dhabi Future Clean Energy (Masdar) has submitted the lowest bid of $c1.68 kilowatt-hour (kWh) for the contract to develop the 1,100MW Hinakiyah solar independent power producer (IPP) project in Saudi Arabia. China's Jinko Power submitted the second lowest bid of $c1.71/kWh. State offtaker Saudi Power Procurement Company (SPPC) received three bids for two solar IPP contracts under round four of the kingdom's National Renewable Energy Programme (NREP) in June. The other bids are for the 400MW Tubarjal solar IPP scheme. The companies that submitted proposals for the contracts in June include: Acwa Power (local) / Total Energies Renewables (France) Masdar (UAE) / Nesma (local) / EDF Renewables (France) Jinko Power / Sun Glare Holding / Sunlight Energy Holding (China) SPPC qualified 15 companies to bid for the contracts as managing, technical, or both managing and technical, members. The state power offtaker has separately tendered the contracts to develop the planned wind IPPs under the NREP’s fourth round. Bids are due on 2 October for these contracts. Saudi Arabia aims to install 27.3GW of renewable energy capacity by 2024 and 58.7GW by 2030 through the NREP. The Energy Ministry is tasked with procuring 30 per cent of this capacity through public tendering, while Saudi sovereign wealth vehicle the Public Investment Fund (PIF) will procure the rest under the kingdom’s Price Discovery Scheme. (ICE RIYADH)

Fonte notizia: MEED