🇸🇦 Saudi Arabia Launches Qualification for 8GWh Battery Storage Tender 🚀

Saudi Arabia's Saudi Power Procurement Company (SPPC) has begun the qualification process for a significant 2GW/8GWh battery energy storage system (BESS) tender. This initiative includes four 500MW BESS projects, aligning with the Kingdom's Vision 2030 goal to achieve a 50% renewable energy share in its power mix. 𝗞𝗲𝘆 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: - Project Locations: Makkah, Qassim, and Hail provinces. - Contract Model: 15-year build-own-operate (BOO). - Bid Requirements: Proven track record in IPP or BESS projects with specified capacity. - Managing Member: Experience in IPP/BESS, $100M net worth. - Technical Member: Proven project delivery, $50M net worth. - Deadline: Bidders have until 25 Nov 2024 to qualify.