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UAE renewable energy firm Masdar and partner EDF of France have offered a record low electricity price of US¢1.79/kWh in the bidding for a 300MW solar photovoltaic (PV) project to be developed at Sakaka in the northern Al-Jawf region of Saudi Arabia, the kingdom’s first ever utility-scale solar PV project.
The Renewable Energy Project Development Office (Repdo) of the Saudi Ministry of Energy announced this week that it had received eight bids from pre-qualified companies, with levelized costs of electricity ranging from the Masdar/EDF bid up to US¢3.37/kWh (see table).
The bids suggest that the first Saudi utility-scale solar PV project will break the record for low cost solar electricity. This is currently held by Abu Dhabi utility Adwea, which was offered electricity at US¢2.42/kWh from Japan’s Marubeni and China’s JinkoSolar for a 1.18GW PV project – the world’s largest – to be built 120km east of Abu Dhabi city at Sweihan ( MEES, 7 July ).