- Press Releases
September 20 (SeeNews) - The Abu Dhabi Water and Electricity Authority (ADWEA) on Monday confirmed that the lowest bid in its 350-MW solar tender was of AED 88.8 (USD 24.2/EUR 21.6) per MWh.
Japanese trader Marubeni Corp (TYO:8002) and China’s JinkoSolar Holding Co Ltd (NYSE:JKS) is the pair that made the record low bid, The National said today. The newspaper also said, citing sources, that the group is proposing to build a solar power complex of 1,170 MW in Abu Dhabi and sell the electricity at just USD 23/MWh.
ADWEA has received a total of six bids, the highest of which was of AED 133.49/MWh. The winner is yet to be announced, after all proposal are evaluated by authorities.
The following table shows the bidders as mentioned by The National.
|Bidder||Bid per MWh (in USD)|
|Masdar, EDF, PAL Technology||25.4|
|Tenaga, Phelan Energy||25.9|
|JGC, First Solar, Sojitz||30.8|
|KEPCO, Hanwha Q Cells, GSE||36.3|
A bid of USD 29.1 per MWh in Chile’s power supply auction last month was considered the lowest for solar power globally up until now.
(USD 1.0 = EUR 0.895)