Wednesday, November 6, 2019

Race Heats Up For Title Of Cheapest Solar Energy In The World

A field of solar photovoltaic panels that form part of the Mohammed bin Rashid Solar Park in Dubai, United Arab Emirates, on 17 January 2018.
October 17, 2019
Dominic Dudley, Contributor

Dubai has narrowly missed out on reclaiming the title of having the world’s cheapest solar photovoltaic (PV) energy, after receiving bids for the latest phase of a massive solar park on the desert outskirts of the city.

Saudi Arabia’s Acwa Power submitted a tariff of just 1.6953 U.S. cents per kilowatt hour (kWh) for the 900MW fifth phase of Dubai’s Mohammed bin Rashid Al Maktoum (MBR) Solar Park, according to a report by the Middle East Economic Digest. That sets a new record for unsubsidized solar PV production, in the region at least. However, it is still a little way short of the 1.654 cents/kWh achieved in Portugal earlier this year.

The Dubai authorities have delighted in repeatedly setting new records for previous phases of the MBR Solar Park and they may be disappointed to have fallen just short this time. A carefully-worded statement from the government-owned utility, DEWA, earlier this week claimed they had, however, set a new world record for a PV solar plant based on the independent power producer (IPP) model.

For the rest if the story visit: Cheapest Solar in the World