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Saudis to seek bids for 700-megawatt wind and solar projects

As part of a plan to transform the Saudi economy by weaning it off oil and creating new industries, Saudi Arabia will begin seeking bids next week for a 300-megawatt solar plant and a 400-megawatt wind farm.

Photo: Ronald Zak/AP/Polfoto

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 USD 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.

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