Solar developers are still waiting for the Ras al-Khaimah Investment & Development Office (IDO) to begin the tender process for its planned rooftop solar independent power producer (IPP) project.
MEED reported in June that the client had been planning to issue the expression of interest (EOI) “within the next few weeks,” however, according to sources close to the project the EOI has still not been issued.
The project has faced a number of delays, with the client having originally intended to invite expressions of interest before the end of April and was targeting to have issued request for proposals (RFPs) in May. IDO was originally planning to sign project agreements in December, with financial close planned for February 2018. With the initial targets having been missed, the project award and financial close may also be delayed accordingly.
The first phase of the emirate’s rooftop solar programme will involve 30-50MW of photovoltaic (PV) solar panel systems being fitted to government and private rooftops.
The capacity will be split between 25-30 sites, which will primarily be industrial and commercial buildings. The programme will be developed under a build-own-operate (BOO) or build-own-operate-transfer (BOOT) model.
The client has appointed India’s Synergy Consulting as financial adviser, UK’s Eversheds as legal adviser and Netherlands-based DNV as technical adviser.