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UAE: Adwea attracts three world record PV bids

Abu Dhabi Water and Electricity Authority (Adwea) has opened world record low bids for the Sweihan solar photovoltaic (PV) project, and analysts were quick to observe that this latest bid underscores the UAE’s status as a world leading renewable energy (RE) market. A consortium led by Japan’s Marubeni Corporation with China’s JinkoSolar submitted a sale price of $0.0242 (2.42c)/kWh for the electricity. It was followed by bids of 2.53c/kWh from a grouping of led by Abu Dhabi’s Masdar with EDF and PAL, and 2.59c/kWh submitted by Tenaga and Phelan Energy Group – which also broke previous records.

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