Solar prices fall to new record low in Saudi-led bid for 900MW Dubai project. A consortium led by Saudi Arabia-based ACWA Power has reportedly lodged a world record low price bid of $16.953 ($A25) a megawatt hour for a 900MW solar park in Dubai. The bid – reported by infrastructure journal IJGlobal – is one of two record low offers made by the two consortia still competing for the right to build the fifth phase of the huge 5GW Mohammed Bin Rashid Al-Maktoum solar park in Dubai. According to IJGlobal, the bid offered by a rival consortium comprising Masdar, French energy giant EDF and China’s Jinko Solar, also beat all previous bids with an offer of $US17.25/MWh.
IEEFA 10th Oct 2019 read more »