Qatar’s 800 MW tender draws world record solar power price of $0.01567/kWh

Utility Kahramaa has revealed the winning consortium initially offered $0.01745/kWh with the price then reduced based on financial market indices.

The Qatar General Electricity and Water Corp (Kahramaa) has revealed the 800 MW solar tender concluded last week delivered a final price of QAR0.0571/kWh ($0.01567/kWh) – the lowest winning bid ever registered in an auction for large scale renewable energy.

The company specified that the winning consortium, which is formed by French oil giant Total and Japanese conglomerate Marubeni Corp, had initially submitted a bid of 6.36 Dhs/kWh ($0.01745/kWh).

“Kahramaa has signed the Power Purchase Agreement (PPA) with the Project Company, with an aim to achieve Financial Close of the project in May 2020,” the company specified. “Kahramaa is pleased to note that based on current financial market indices the equivalent LEC [levelized energy cost] is 5.71 Dhs/kWh (1.567 US cents/kWh), which is one of the world’s lowest for projects of this type.”

No more details were provided on how this price reduction was achieved.

The world’s lowest second offer for large-scale PV remains that of €0.0147/kWh ($0.016) submitted by French developer Akuo Energy for 150 MW of solar capacity in Portugal’s first solar capacity auction, while the third lowest offer is that submitted by Saudi energy giant ACWA Power in the tender for the fifth phase of the huge Mohammed bin Rashid Al Maktoum Solar Park in Dubai. That solar electricity price came in at $0.0169/kWh.

The project tendered by Kahramaa will be 60% owned by the Siraj Energy joint venture formed by Qatar Petroleum and the utility and 40% by the French-Japanese consortium. It will provide the Qatari utility with electricity under a 25-year PPA.

Lắp đặt điện mặt trời Khải Minh Tech
https://ift.tt/2X7bF6x
0906633505
info.khaiminhtech@gmail.com
80/39 Trần Quang Diệu, Phường 14, Quận 3
Lắp đặt điện mặt trời Khải Minh Tech
https://ift.tt/2ZH4TRU