Saudi Arabia’s second PV tender draws world record low bid of $.0104/kWh


From pv magazine International

The crown prince of Saudi Arabia, Mohammad bin Salman bin Abdulaziz, revealed yesterday that power purchase agreements for seven large-scale solar power projects in various regions of the Kingdom were signed by the government and several undisclosed developers.

“The output capacity of these projects, in addition to the projects of Sakaka and Dumat Al-Jandal, will amount to more than 3,600 MW,” he said in a statement, adding that one of the projects – the 600 MW Al Shuaiba PV IP project – will sell power at a world record low price of $0.0104/kWh. The project was selected by the Ministry of Energy in Round 2 of the procurement scheme that is being held under the umbrella of the country’s National Renewable Energy Program (NREP).

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