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Saudi’s initial solar bids for the 300MW Sakaka project slipped below two US cents per kWh, but the lowest bid was rejected. We take a look at a claim that its championing of bifacial technology was the root cause.

Exceptionally low bids for power project tenders are good for business, ACWA Power CEO Paddy Padmanathan has told PV Tech.

Saudi Arabia’s omittance of the lowest ever solar bid from the final shortlist of its 300MW solar tender may have been a measure to restore investor confidence in the future of the market, according to a representative of global analyst firm GTM Research.

UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.

Dubai’s state utility company, DEWA, has signed a power purchase agreement of US$0.073/kWh for a 700MW concentrated solar power (CSP) project.

The Moroccan Agency for Solar Energy (MASEN) has shortlisted five consortia to take part in the bidding for the first phase of the Noor Midelt solar power complex, which includes hybrid solar PV and concentrated solar power (CSP) plants.

Saudi Arabian power engineering firm ACWA Power has signed a power purchase agreement (PPA) for a 61.3MW solar plant in eastern Jordan, which it claims has the lowest PV tariff in the country to date.