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Record low solar power prices point to new future for the Middle East

The Abu Dhabi Water and Electricity Authority confirmed in September that it had received the lowest bids ever for solar power. Five bids were made into ADWEA’s 350-MW tender, the lowest coming from Japan’s Marubeni Corp and China’s JinkoSolar Holding Co. at just dirhams 88.8/MWh ($24.0/MWh). A year ago even the highest bid at $36.1/MWh […] The post Record low solar power prices point to new future for the Middle East appeared first on The Barrel Blog.
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