Grid Parity

1.35 Cents/kWh: Record Abu Dhabi Solar Bid Is A Sober Reminder To Upbeat Fossil Fuel…

A rather meaningful piece of energy news went almost unnoticed in recent weeks. The Abu Dhabi Power Corporation announced the lowest tariff for solar energy in the world. The new record came as the winning bid for the upcoming 2 GW solar power plant, the Al Dhafra Solar PV project, set the world’s most cost-competitive tariff for solar PV energy, at USD 1.35 cents/kWh.