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 . Turki Al Shehri, head of REPDO, told PV Tech that identifying the lowest possible LCOE was not the only factor in the tender. 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 - 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 .