According to foreign media reports, the Saudi Power Procurement Company (SPPC) has officially announced the list of prequalified bidders for its first battery energy storage system (BESS) procurement. The state-owned enterprise revealed on December 30 the companies selected for its upcoming Build-Own-Operate (BOO) model tender for a 2GW/8GWh energy storage sys
The list of successful bidders includes prominent companies from the Middle East and abroad, such as Masdar, headquartered in Dubai, Saudi Arabia's ACWA Power, and France's EDF and TotalEnergies. Leading renewable energy and energy storage companies from China, South Korea, and Japan are also among the selected bidders. A total of 33 companies passed the qualification review for the tender, with 21 applying to provide technology and manage the BESS and the remaining 12 focusing solely on system management.
Established in 2017, SPPC operates under the regulation of the Saudi Ministry of Energy as the primary procurer of electricity, capacity, and system services. To date, the company has signed power purchase agreements for large-scale solar and wind farms through competitive bidding, as well as other technical collaborations, including combined cycle gas turbines (CCGT) and hydropower facilities.
SPPC launched its first BESS prequalification process in early November 2024. The selected bidders will sign 15-year energy storage service agreements with SPPC for four 500MW/2000MWh BESS projects. The bidders will retain 100% ownership of their special purpose vehicle (SPV) projects.
The four upcoming energy storage projects, all identical in scale, are strategically located within Saudi Arabia. As part of the Saudi Vision 2030 policy, the country aims to generate 50% of its electricity from renewable sources. According to Saudi Energy Minister Prince Abdulaziz bin Salman, the nation has set a goal of deploying 48GWh of battery energy storage systems by 2030. This ambitious target not only supports Saudi Arabia's energy transition but also injects fresh momentum into the global renewable energy and energy storage markets.
Source：https://mp.weixin.qq.com/s/rBB9m6JSA-UWZJinzjtngw
