Technical FAQs 4

How much is Saudi Arabia's energy storage system project worth?

The engineering, procurement and construction (EPC) contracts for the three energy storage system projects recently awarded in Saudi Arabia are estimated to be worth over $800m.

How much does a solar PV project cost in Saudi Arabia?

In Saudi Arabia, each of the two awarded rounds of the Renewable Energy Project Development Ofice (REPDO) auctions, totaling 2.17 GW, in addition to the PIF-led projects, has received record-low prices. The 300 MW Sakkaka solar PV project, the first project under REPDO, set a record tarif of 1.34 USD cents/kWh in February 2018.

What is compressed air energy storage (CAES)?

Among the different ES technologies, compressed air energy storage (CAES) can store tens to hundreds of MW of power capacity for long-term applications and utility-scale. The increasing need for large-scale ES has led to the rising interest and development of CAES projects.

Is Saudi Arabia pursuing EPC and IPP contracts?

Saudi Arabia is pursuing both the EPC and independent power producer (IPP) contracting models to procure energy storage capacity for grid balancing and support, a source close to the project tells MEED.

Microgrid & Energy Storage Technical Resources


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