The results of Jordan's Round 2 solar PPA tender have just been released, the Middle East Solar Industry Association (MESIA) announced on May 18th, 2015. In total, 24 companies submitted bids. The top 4 will be awarded a 50 MW solar photovoltaic (PV) project, subject to a detailed commercial and technical evaluation of their bid.
USD 0.06–0.08 will be the benchmark for utility-scale PV projects in the Middle East
The average of the top 4 tariffs in Round 2 is over 50% lower than the Round 1 tariff, reflecting a dramatic improvement in the cost of solar utility-scale PV projects in Jordan. The winning tariff is within 10% of the record-low tariff in the DEWA 200 MW IPP project, suggesting that a tariff of 6–8 USD cents is the new benchmark for utility-scale solar projects in the stable markets within the Middle East.
ACWA Power International (Saudi Arabia) surprised by not providing the lowest tariff, for once. The lowest bidder, GI Karnomourakis SunRise, is a small Greek PV company established in 2006. Their only projects are in Greece and they have never undertaken a project of this scale.
Fotowatio/ALJ is poised to become a leading player in the MENA PV market
Fotowatio/ALJ showed, as they did with the DEWA 200 MW tender, that they can be extremely aggressive on large-scale solar IPPs. Backed by the deep financial resources of Saudi Arabia's Abdul Latif Jamil (ALJ) and the strong IPP experience of Fotowatio (FRV), this partnership is poised to become a leading player in the MENA solar market for years to come, MESIA notes.
Saudi Oger is another Saudi player name to watch out for in the future. They came from last place in the DEWA tender to finish in the top 4 in Jordan.
PV is extremely competitive compared to conventional sources of power generation
The results in Jordan will send a strong signal to other solar PV markets, notably Saudi Arabia, who are sitting on the sidelines of the region's solar market. Riyadh can now see that solar is extremely competitive compared to conventional sources of power generation. If they decide to follow in Amman's footsteps, we will see the Middle East solar market take off like never before, MESIA concludes
2015-05-19 | Courtesy: MESIA; Image: Philadelphia Solar | solarserver.com © Heindl Server GmbH
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