King Abdullah City for Atomic and Renewable Energy (KA-CARE) unveiled a white paper detailing the tender processes for new solar photovoltaic (PV) and concentrated solar thermal power plants, wind farms, geothermal energy facilities and waste-to-energy plants.
The first three rounds of contracts are now expected to be awarded before 2015, with a view to creating more than 7GW of new capacity, the majority of which will come from solar power.
A smaller introductory round will be launched in the first half of this year solely focusing on concentrated solar power. It will be followed by two larger tendering rounds over the period to 2015 for a range of technologies.
The three tender rounds for solar alone could account for more than $10 billion (