4.9cents/kWh solar – project in Saudi at US$49 per MWh contract

PV Tech is reporting that Saudi Electric Company has agreed to build a 50MW solar PV power project under a power purchase agreement paying a rate per kWh or US$49 per megawatt-hour (MWh) without any additional subsidy…companies are already co-operating on another 40 MW solar project as part of a desalination plant…The projects forms part of a broader $145 billion push by the Saudi Government to invest in solar power to free-up more oil for the more lucrative export market instead of domestic power generation.

Accustomed to seeing 30 odd cents/kWh on our electricity bills, solar here is 4.9cents!!

>more> ClimateSpectator

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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One Response to 4.9cents/kWh solar – project in Saudi at US$49 per MWh contract

  1. It is amazing that the Saudi Arabian people are investing in solar technology when oil is so abundant! I guess them using less equates to making more. Thanks for the update!

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