Project developers eager to set up solar PV power projects in Jordan took a shot at the lowest-ever tariff in the second round tender under the country’s solar power program.
Jordan allocated 200 MW of solar PV power projects in the second round auction, after a total of 33 companies had submitted technical proposals to set up power projects. However, only 24 of them submitted financial bids eventually. Four developers submitting the lowest bids would be selected to develop 50 MW capacity each. The lowest tariff bid has been submitted by a Greek company, SUNRISE Photovoltaic Systems, which placed a bid of just US¢6.13 per kWh.
Saudi Arabia’s ACWA Power won a 200 MW tender from Dubai Electricity and Water Authority earlier this year with the lowest-ever bid of ¢5.98 per kWh.
SUNRISE Photovoltaic Systems, founded in 2006, has been active in the Greek solar power market developing a number of projects. However, the company has no developed any project as large as 50 MW. According to the company’s website, the largest it has developed so far has a 3 MW installed capacity.
The second lowest bid was placed by construction company Saudi Oger, with a ¢6.48 per kWh tariff. Spanish developer Fotowatio Solar Renewable Ventures placed a ¢6.91 per kWh bid to win the right to develop 50 MW capacity. (Earlier this year Fotowatio was acquired by Dubai-based Abdul Latif Jameel Energy and Environmental Services.) The final winning bid was placed by a subsidiary of the Chinese project developer Hareon Solar. Hareon Swiss Holding placed a bid of ¢7.97 per kWh.
Some of the other prominent project developers who placed bids but could not make the cut include SolaireDirect (¢8.02/kWh), Mainstream (¢8.68/kWh), Kawar-First Solar (¢8.8/kWh), SkyPower-FAS (¢8.98/kWh), SunEdison (¢9.04/kWh), and ACWA Power (¢9.29/kWh).
The lowest qualifying bid under the first auction of 200 MW capacity earlier this year was ¢14.8 per kWh.
Image Credit: Vyacheslav Argenberg | CC 2.0
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