Saudi Arabia received offers to supply solar
electricity for the cheapest prices ever recorded, marking the start of a $50
billion program to diversify the oil producer’s domestic energy supplies away
from fossil fuels. The energy ministry said Abu Dhabi’s Masdar and France’s EDF
bid to supply power from a 300 MW photovoltaic plant for as little as 1.79
cents/kWh, according to a webcast of the bid-opening ceremony on 03.10.2017 in
Riyadh. If awarded, that would beat the previous record for a solar project in
Abu Dhabi for 2.42 cents/kWh.
The plant will be the first awarded under the
renewables program, which targets 9,500 MW of electricity generation capacity
using solar and wind by 2030. The project is set to start producing power by June
2019, according to the bid. Masdar and EDF are already partners in an 800-MW
project in Dubai. [rew]
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