An Asian consortium comprising Marubeni of Japan and Jinko Solar of China submitted the lowest bid for the upcoming 350 megawatt solar photovoltaic (PV) project in Abu Dhabi.
Abu Dhabi Water and Electricity Authority’s procurement arm said it had received six bids, with Marubeni and Jinko Solar bidding 2.42 US cents per kilowatt hour (kWh), followed by Abu Dhabi’s Masdar, EDF and PAL at 2.54 cents per kWh.
The Marubeni-Jinko Solar bid of 2.41 cents per kWh is now the world’s lowest beating the previous low of 2.91 cents for a solar plant in Chile last month.
The other bids were 2.59 cents per kWh from Tenaga and Phelan Energy; RWE/Belectric at 2.91 cents; JGC, First Solar and Sojitz at 3.08 cents and Kepco, Q Cells and GSE at 3.63 cents.
As an alternative bid, Marubeni and Jinko submitted an offer to expand the plant to 1,170MW at an offer of 2.30 cents, according to sources who did not want to be named.
However, it is important to note that these submissions do not mean that the project has been awarded as authorities will now evaluate the proposals to ensure thoroughness and economic viability.
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