Wednesday, October 4, 2017

Saudi tender breaks solar auction records

Even counting the fact that, like Abu Dhabi, the land, interconnection and capital were all provided by the government, 0.0179 per kWh is still a pretty remarkable number to cover capex, opex and profits.


According to »Bloomberg New Energy Finance«, Saudi Arabia received offers to supply solar electricity for the cheapest prices ever recorded, marking the start of a $50 billion renewables program. The energy ministry said Abu Dhabi’s Future Energy Company (Masdar) and Electricite de France SA bid to supply power from a 300 MW photovoltaic plant for ¢1.79. »If awarded, that would beat the previous record for a solar project in Abu Dhabi for 2.42 cents a kilowatt-hour,« says the article.



Monty Bannerman

ArcStar Energy



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