Saudi Shortlists Two In Solar Tender – But Not The Cheapest

Solar PV project pricing may have bottomed out, for now at least.

The Saudi Energy Ministry’s Renewable Energy Project Development Office (Repdo) has shortlisted two bids for a 300MW solar PV plant. Saudi Arabia’s first utility-scale solar project to be built at Sakaka in the northern Al-Jawf region forms part of Round 1 of the kingdom’s National Renewables Energy Program (NREP).

Shortlisted are local private energy developer Acwa Power, which bid alone, and a consortium of Japan’s Marubeni and local firm Juffali Energy & Utilities.

The Acwa and Marubeni/Juffali bids – offering power at US¢2.34/kWh and US¢2.66/kWh respectively – were the second and third lowest of eight bids announced by Repdo in October. (CONTINUED - 814 WORDS)

DATA INSIDE THIS ARTICLE

chart Falling Solar Power Costs (US¢/KWH)
chart ...And Csp (Us¢/Kw H)
table Gulf Solar Power Projects*