Saudi Arabia 's renewable energy authority has said it will seek to " maximise value to the Kingdom " as well as seek the lowest - margin bids for new projects after rejecting a record - low bid at its recent 300 MW solar auction . Some commentators suggested that Saudi Arabia 's Renewable Energy Project Development Office ( [UNK] ) may have been seeking to avoid setting a precedent of low margins , but the comment on " value " suggests that local opposition played a part in ruling out the bid .
Saudi Arabia's renewable energy authority has said it will seek to "maximise value to the Kingdom" as well as seek the lowest-priced bids for new projects after rejecting a record-low bid at its recent 300 MW solar auction. Some commentators said that Saudi Arabia's Renewable Energy Project Development Office (REPDO) may have been seeking to avoid setting a precedent of low margins, but the comment on "value" suggests that local considerations played a part in ruling out the bid.