How is Saudi Arabia setting solar pricing records? Is it sustainable – repeatable?
Early Tuesday morning, news of lower than 2¢/kWh bids from Saudi Arabia’s first round bids on 300MW of 9.5GW solar power projects started popping up. Seven of eight bids were below 3¢/kWh, and two of eight bids broke a prior record low. Questions have arisen as to the sustainability of the bids outside of these unique circumstances.