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Solar Price Now At $.0299/kwh!

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Dubai Electricity and Water Authority (DEWA) ,
. . . has received 5 bids from international organisations for the 3rd phase of the
. . . Mohammed bin Rashid Al Maktoum Solar Park.

The lowest recorded bid at the opening of the envelopes was
. . . US 2.99 cents per kilowatt hour.
The next step in the bidding process,
. . . will review the technical, and commercial aspects of the bids,
. . . to select the best one.

The cost of financing, is a key overall cost driver.
. . . One can suspect that Masdar had access to long-term financing,
. . . through the wealthy emirate of Abu Dhabi,
. . . that no commercial banks, could match in cost.
. . . (the primary source of capital for the other bidders)

5-2-29016 Source:  Solar price now at $.0299/kWh!


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