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.
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.
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.
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.
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