Title: Climate Changed Saudi Arabia Gets Cheapest Bids for Solar Power in Auction
Published: October 3, 2017
Region: Middle East and North Africa
Country: Saudi Arabia
Sectors: Energy and Power
Keywords: Solar power
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.
Updated: March 20, 2021