“Broadcast live over the internet, the prices offered for Saudi Arabia’s 300MW Sakaka photovoltaic (PV) solar project represented a seminal moment not only for the kingdom’s move to integrate clean energy into its power sector, but also for the global renewable energy revolution.

Seven of the eight tariff prices re-ceived for the first project in Riyadh’s 9.5GW renewable energy programme were below 3 $cents a kilowatt hour ($c/kWh), while the two lowest prices broke previous world records for utili-ty-scale PV production. The lowest bid of 1.785 $c/kWh was the first solar tar-iff under competitive bidding to break the 2 $cents barrier…”

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