MonaSolar

Kingdom’s of , and is establishing the Renewable Energy Project Development Office (Repdo) to head the National Renewable Energy Program (NREP).

Under the 700MW first round, 300MW of (PV) solar will be developed at a site in in the province and 400MW of capacity will be developed at a site in in the province. Later rounds of projects will include other forms of renewable energy such as (CSP) and waste-to-energy schemes. The renewable projects will all be developed under the IPP model.

The energy ministry has appointed a team of advisers to provide legal, financial and technical consultancy services for the initial projects. bank Sumitomo Mitsui Banking Corporation (SMBC) has been appointed as financial adviser, -based law firm DLA Piper will provide legal advisory and ’s Fichtner will undertake the engineering and technical advisory services role.

The National Renewable Energy Programme sets out a target for 3.45GW of renewable energy to be developed by 2020 under the National Transformation Plan (NTP), and for 9.5GW of renewable energy capacity to be established by 2023.


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