For more information, enter 13 at REW.hotims.com
region but there is nothing holding back other frms
from participating, according
to Moritz Borgmann, a partner in the cleantech advisory,
Apricum. “SunPower made
a deliberate decision not to
participate. But they certainly have the opportunity
in this — and future — tenders. They chose not to,” said
The low bidders were
Saudi, Chinese or French
frms, with fve bids lower
than ACWA Power’s historic
5-cent bid last year. France’s
Fossil fuel Prices
EDF with Qatar’s Nebras
Power bid 4. 8 cents, France’s Engie (GDF Suez) and Japan’s Mar-
ubeni bid 4. 4 cents, First Solar/ACWA Power bid 3.96 cents and
Jinko Solar bid 3.69 cents.
All fve lowest bids are lower than current fossil energy alternatives. Coal in Dubai costs 4. 5 cents per k Wh, and natural gas,
which must be imported from Qatar, is substantially higher. Jordan and most Gulf countries must import expensive coal or natural gas for electricity.
Surprisingly, many Middle East nations have no oil wealth.
Of the seven Emirates making up the UAE, only Abu Dhabi
is a major oil exporter. It holds a 97 billion-barrel oil reserve,
while Dubai has only four. The remaining fve Emirates have
none. “Like Jordan, Morocco and Egypt, these are the countries
that are going ahead with renewables, because they don’t have
domestic fossil resources,” said Borgmann.
Meanwhile, the oil exporting nations Saudi Arabia and Abu