Abu Dhabi group bids record-low PV price in Saudi Arabia
Abu Dhabi Future Energy Company (Masdar) and EDF Energies Nouvelles (EDF EN) have jointly filed a record-low PV bid equivalent to $1.79/MWh for the 300 MW Sakaka Project in Saudi Arabia, the Kingdom's Renewable Energy Project Development Office (REPDO) said October 3.
Eight consortiums made it through to the bidding stage, submitting bids between $1.79/MWh and $3.4/MWh, REPDO said.
The Masdar consortium's bid is far lower than the record price of $24.2/MWh for the 1.2 GW Sweihan project in Abu Dhabi, bid by a consortium including Japanese investment company Marubeni, China's Jinko Solar and the Abu Dhabi Water and Electricity Authority (ADWEA).
Prior to the Sweihan bid, a Masdar-led consortium held the record for the lowest PV price with its $29.9/MWh bid for the 800 MW DEWA III project in Dubai. In March, EDF EN announced it had joined the DEWA III consortium.