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Middle East

Interview: after Saudi Arabia, how low can solar prices go?

The recent Saudi Arabian tender for 300 MW of solar PV saw a bid of $0.0178/kWh – the lowest price by far yet seen globally. Aymen Grira of French energy consultancy Altran discusses this bid, and explores the wider PV potential of the MENA region.


Saudi Arabia’s 300 MW solar tender may conclude with lowest bid ever

A consortium formed by UAE-based Masdar and French energy giant EDF has offered to deploy all the tendered capacity at a LCOE of 0.06697 SAR ($0.0178) per kWh. In addition, seven of the eight bids were under $0.03 per kWh. The tender’s bidders will be announced by the end of January 2018.


Lebanon issues RfP for 180 MW of solar

Lebanon’s authorities had received 256 bids for solar energy projects totaling 3 GW in the pre-selection phase of the tender process.


Financing agreed for Sweihan mega project in Abu Dhabi

Chinese module manufacturer JinkoSolar announced the completion of financial negotiations for the 1.17 GW solar project to be built in Abu Dhabi. The project will be financed with $870 million and is expected to begin commercial operation in April 2019.


Israel to hold tender for over 150 MW of large-scale PV in July

In the latest tender for PV projects up to 12 MW held in March, the Israeli government allocated around 235 MW of solar capacity. Overall, the Middle Eastern country has reached cumulative PV capacity of over 900 MW.

Oman to launch support scheme for small-sized PV

The Middle Eastern country is planning to support the installation of rooftop PV systems ranging in size from 2 kW to 4 kW. The support scheme will not be based on FITs or net metering, but on an “accelerated subsidy adjustment” mechanism.


Bahrain to introduce net metering policy for PV

The Middle Eastern country is now preparing to introduce a net metering scheme for decentralized renewable and solar energy projects under its National Renewable Energy Action Plan (NREAP).

Lebanon approves plan to install 180 MW of solar

Lebanon has approved a plan to promote the development of solar and renewable energy in the country. The plan aims at deploying 180 MW of PV capacity by 2020. The first auction for utility-scale solar projects was launched in mid-February.

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