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|11 September, 2018

Jordan’s solar auction attracts lowest bid of $0.02488/kWh

The selected developers will be granted a 20-year PPA

Solar panels are pictured at the BP America Gasosaurus Gas Unit well site in Lufkin, Texas, U.S., June 13, 2018. IMAGE USED FOR ILLUSTRATIVE PURPOSE ONLY

Solar panels are pictured at the BP America Gasosaurus Gas Unit well site in Lufkin, Texas, U.S., June 13, 2018. IMAGE USED FOR ILLUSTRATIVE PURPOSE ONLY

REUTERS/Jonathan Bachman

Jordan - The results of Jordan’s Round 3 solar PV auction have been announced, with Jinko Power (HK) Company Limited submitting the lowest bid of $0.02488/kWh.

Jinko, in addition to two other companies, are now in pole position to be awarded solar projects in Jordan.

Following Jinko, California-based developer, RAI Energy International and its local partner, Capital Investments & Brokerage, have submitted the second lowest bid of $0.0250.

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Canadian Solar, as part of a consortium with local EPC and developer, Kawar Investments, ranked third among bidders, with $0.034404/kWh.

Major global and regional players, including Fotowatio Renewable Ventures, bid $0.034437/kWh, while First Solar International Middle East bid $0.035814.

The selected developers will be granted a 20-year PPA with the National Electric Power Company (NEPCO) and will be located in Solar Park 2 in Ma’an near the already existing Round 1 projects.

Source: Mubasher

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