ACWA Power and Saudi rivals’s 6¢ bids lowest for 170MW Morocco project

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The tariffs submitted by the Saudi companies are reported to be in the region of US$6 cents/kWh; a record-low in North African markets, which made them the top three bidders under the scheme. Source: Flickr - pedronet

Three Saudi Arabian developers are thought to have put in the lowest bids for a public bid opening of the Moroccan Agency for Solar Energy's (MASEN) Noor PV I scheme – a tender to select an IPP to develop three PV plants with an aggregate capacity of 170MW.

ACWA Power, Abdul Latif Jameel’s FRV and Alfanar were winners in this round of the tender. ACWA Power previously submitted one of the lowest bids to date under a Dubai tender last year at US$0.059/kWh.

According to a release from MASEN, tariffs submitted by the Saudi companies are in the region of US$6 cents/kWh; a record-low in North African markets, which made them the top three bidders under the scheme. All three were also were among the 20 consortium companies shortlisted by MASEN in December last year.

All projects are expected to reach completion by 2019. The project is part of the country’s wider Solar Energy Programme which has an ambitious target of reaching 2GW of solar power capacity by 2020.

The recent bids won under the tender and the overarching solar ambitions address the country’s energy independence needs – as it is currently dependent on outside sources for 97% of its energy supply – and a growing demand for energy also.  Solar is a no-brainer solution for this country which is enabled by one of the highest rates of solar insolation globally, with around 3,000 hours annually of sunshine. 

Read Next

November 24, 2021
Israel and Jordan are set to swap solar power for desalinated water after the two countries signed a declaration of intent earlier this week.
PV Tech Premium
November 9, 2021
Liam Stoker reports from the halls of COP26, where the likes of US energy secretary Jennifer Granholm and highlighted the need for an all-encompassing but just and equitable energy transition, and explores the role for solar PV.
November 9, 2021
Uzbekistan is set to announce two new tenders for 400MW of solar capacity by the end of this year, the Central Asian nation’s energy minister, Alisher Sultanov, has said.
October 19, 2021
Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.
October 11, 2021
Two consortiums have been selected to take part in the tender for the construction and operation of the first long-distance high-voltage direct current (HVDC) power line in Chile, with a capacity of 3GW.
September 29, 2021
Island Green Power is to develop two solar PV projects totaling over 1GW on former coal power station sites in the UK.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal