Rooftop and car porch mounted solar PV project

By Davis Thattil | Dec 31, 2017
FAS Energy, a subsidiary of the Fawaz Al Hokair Group in partnership with Amwal Al Khaleej is undertaking the development of a large rooftop and car porch mounted solar PV project in Saudi Arabia. The project is targeted to be developed on 19 sites across nine cities in Saudi Arabia, with aggregate capacity greater than 150 MW.

This pioneering project, considered the largest in the Gulf Cooperation Council (GCC) region, is undertaken to meet a part of the captive energy demand. It is being developed on long-term concession framework, aiming to replicate the risk profile and structure of other utility projects in the region. The Project is expected to be the key to open doors for development of large scale distributed solar projects in the KSA.

The Consortium has appointed Synergy Consulting Inc. as the lead Financial Advisor, Fichtner as the Technical Advisor and DLA Piper as the Legal Advisor. The RFQ for the EPC contract has already been issued and the project has received enormous interest with more than 30 contractors responding.

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