Subscribe today and receive an extra account for free.
Subscribe
Abu Dhabi landscape. Author: jaavaaguru. License: Creative Commons, Attribution 2.0 Generic.
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 |
| RWE, Belectric | 29.1 |
| 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)
Brazil's Cade okays J Malucelli's buyout of 187-MW wind portfolio
Mar 25, 2019 17:12 CEST
Brazil allows 141 MW of renewables to issue debentures
Mar 25, 2019 15:59 CEST
Peikko to deliver more rock foundations to Norway's Fosen Vind cluster
Mar 25, 2019 15:52 CEST
Innergex to shed interest in Icelandic geothermal business
Mar 25, 2019 14:07 CEST
Ficus Capital acquires 18-MW PV project in Argentina
Mar 25, 2019 13:30 CEST
Fin close achieved on 950-MW Noor 1 solar project in Dubai
Mar 25, 2019 8:09 CEST