EDF & Masdar jointly wins 300MW PV Project in KSA, a bid of $0.01988/kWh

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France’s power utility, EDF, and UAE-based renewable energy developer Masdar were awarded a 25-year power purchase agreement for a 300 MW solar plant by the Saudi Ministry of Energy in the country’s second tender for large scale solar projects.

EDF said it will sell power to the Saudi Power Procurement Company at a price of.

In the second round of Saudi Arabia’s renewable energy procurement program, prices hit a new all-time low.