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How Low Can It Go – Solar Tariff of $0.0178/kWh Quoted in Saudi Arabia’s First Solar Auction

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The low bids submitted for a 300 MW solar PV project planned for Saudi Arabia surprised everyone recently when the lowest submitted bid for the levelized cost of energy (LCOE) came in at just 6.69 halalas/kWH ($0.0178/kWh).

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