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June 10, 2016

Saudi Renewables: Is the Sleeping Giant Finally Awakening?

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On 1 June 2016, Saudi Electricity Company (“SEC”) invited expressions of interest from potential lead developers for the development of two 50MW solar photovoltaic (“PV”) Independent Power Plants (“IPPs”) in Al-Jouf and Rafha, Kingdom of Saudi Arabia, with their output to be sold to SEC under a long-term Power Purchase Agreement. These new IPPs are expected to attract unprecedented interest from global solar energy players, as well as established regional power developers. Is the Saudi renewables sector, for so long the sleeping giant in the renewable energy world, finally awakening?

View full memo, Saudi Renewables: Is the sleeping giant finally awakening?

Authors and Contributors

Dr. Sultan Almasoud*

Partner

Mergers & Acquisitions

+966 11 213 7801

+966 11 213 7801

*Partner, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

*Partner, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

Riyadh

Sanjarbek Abdukhalilov*

Consultant

Mergers & Acquisitions

+966 11 213 7802

+966 11 213 7802

*Consultant, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

*Consultant, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

Riyadh

Iain Elder

Partner

Project Development and Finance

+44 20 7655 5125

+44 20 7655 5125

+971 2 410 8100

+971 2 410 8100

London

Brendan Hundt

Partner

Project Development and Finance

+971 4 249 2160

+971 4 249 2160

+966 11 213 7800

+966 11 213 7800

Dubai

Industries

Regional Experience