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 Renewable Energy Project Development Office (REPDO) has shortlisted local firm Acwa Power and a consortium led by Japanese conglomerate Marubeni Corporation to develop 300MW of solar PV in Sakaka, Al Jouf.
Indonesian power company PT Pembangkitan Jawa-Bali (PT PJB), a subsidiary of state utility PLN, and the UAE's Masdar have signed an agreement to develop the world’s largest floating solar project with a capacity of 200MW in Indonesia.
Yesterday’s record-breaking bid opening in Saudi Arabia for 300MW of solar has grabbed headlines, including on PV Tech, but while the exact parameters of the RfP remain covert, the bid levels have sparked debate about whether such low prices can be possible without some kind of escalating tariff mechanism or other distortion.
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.
EDF Group announced Wednesday that financing for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has officially been completed.
EDF Group, via its subsidiary EDF Energies Nouvelles, announced Wednesday that it has joined the Masdar-led consortium responsible for the development of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in the United Arab Emirates.
Abu Dhabi-based renewables firm Masdar has selected the International Finance Corporation (IFC) to oversee funding of Jordan’s largest solar plant, standing at 200MW.
UAE company Masdar announced Tuesday that construction on the 800MW phase three of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai is expected to begin at the end of January 2017.
