The lowest ever bids for a solar power project in Jordan could lead to a boom in the region – especially in Saudi Arabia, industry experts say.
“The Jordanian solar market is going to be booming now that solar energy is evidently cheaper than conventional energy,” said Hadi Tahboub, the regional executive director of development at SkyPower, a UAE firm and bid participant.
He said that the company expected Jordan’s solar photovoltaics (PV) market to boom and trickle into other areas such as Saudi Arabia.
The second round of Jordan’s solar independent power producer (IPP) tender, totalling 200 megawatts, drew the lowest rates for a solar project in the country. The top four bids will each be awarded 50MW.
The lowest bid came from a relatively unknown Greek firm, GI Karnomourakis SunRise PV Systems, at 6.13 US cents.