World’s Largest Solar Project Will Also Be Its Cheapest
Abu Dhabi has set a global record-low solar price as authorities confirmed the winning bid in a 2-gigawatt tender. Upon its expected completion in mid-2022, it is slated to be the largest single-site solar energy project in the world.
The Al Dhafra project had five bidders, with the lowest offer coming in at 1.35 U.S. cents per kilowatt-hour.
The state-run Abu Dhabi Power Corporation (ADPower) confirmed to GTM that the leading consortium consists of French energy giant EDF and the projects division of Chinese solar manufacturer Jinko Solar.
ADPower will now negotiate a 30-year power-purchase agreement with EDF/Jinko. If an agreement cannot be reached, ADPower, part of the Emirates Water and Electricity Company, can negotiate with the second-best bidder.
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