The Abu Dhabi Water and Electricity Authority recently completed a 350 MW solar tender. They received a total of 6 bids and the low bidder was Japan’s Marubeni Corp and China’s JinkoSolar Holding Co Ltd. Their bid was USD $24.2 per MWh or 2.42 cents per KWh.
This is really low.
According to the U.S. Energy Information Administration, the average cost of a new natural gas-fired plant is 5.6 cents per KWh. More than double the above solar bid.
Now, Abu Dhabi is obviously a very sunny locale. No shortage of bluebird days there. But that doesn’t negate the fact that we are seeing a rapid decline in solar power prices.
This, along with the growing adoption of electric vehicles is excellent news for us sustainability dorks. Just this morning I was thinking to myself that the car I currently own will likely be the last gasoline-powered car I ever own.
Hopefully they start making an electric version of the G-Class.