Region: Middle East and North Africa (MENA)
Country: Saudi Arabia
Sector: Energy and Power
Keywords: PPPs by Topic *, Climate Smart **, Solar power
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Document Summary:
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.
Document Details:
Competitive solar tenders have decisively contributed to rapidly declining solar PV prices across the globe. In Saudi Arabia, an October 2017 auction resulted in a new record low for solar PV with one bid at 1.79 US cent/kWh. Solar prices are, however, not fully comparable because of country-specific factors and different parameters of each auction. Read more.
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