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.
Abu Dhabi’s leading renewable energy firm Masdar has completed eight new solar PV projects in rural communities in Mauritania, doubling the amount of clean power provided to the Islamic Republic nation and powering some 39,000 homes.
An Asian consortium involving China-based PV manufacturer and developer JinkoSolar and Japanese conglomerate Marubeni Corporation has submitted the lowest ever bid for solar PV capacity in Abu Dhabi, standing at US$0.0242/kWh.
