Announced at a conference held in Riyadh on Monday, April 10, 2017, Saudi Arabia requests proposals from renewable energy firms to bid for a combined total of 700 megawatts (MW) of wind and solar projects.
The country, which is the world’s seventh largest oil consumer, according to the 2016 International Renewable Energy Agency (IRENA) report on renewable energy market analysis in the Gulf Council Countries (GCC) region; will be implementing this initiative as part of the nation’s $50 billion programme to reduce its oil consumption and encourage renewable energy generation
So far, the ministry has qualified a total of 51 companies from 128 applications, 27 to bid for a 300 MW solar project and 24 for a 400 MW wind farm.
Offers will be accepted from 17 April through July.
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