Saudi Solar Bid Makes Solar Cheapest Electricity in the World, but There’s a Catch

By [email protected] Solar prices just dipped to their lowest levels ever — but don’t expect costs under 2 cents per kilowatt-hour to become the norm just yet.

The bids, made Tuesday in a 300-megawatt tender in Saudi Arabia, were predicted by a projection GTM Research published back in March. The bids from the United Arab Emirates-owned Masdar smashed records for solar PV prices, but because the first- and second-place bidders are government-funded, analysts believe the bids might be more about publicity for Saudi Arabian solar than profitable project economics.

“What most people suspect, including us, is that there is some sort of

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