Renewable

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.

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)