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The SPPC announces that Masdar, EDF Renouvelables, Itochu Corporation and Total Energies Renewables are among the companies winning bid.

Kingdom pre-selects ACWA, First Solar, Marubeni, Masdar and others for projects ranging from 20MW to 600MW, with ultra-low prices heralding new PV boost in Middle Eastern kingdom.

Middle Eastern kingdom launches third round of renewable programme to find developers for four solar plants, adding to the six PV projects yet to be awarded under the second round.

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.