Record low Wind PPA (power purchase agreement) in Saudi Arabia

A Japanise consortium has signed the PPA for the 600 WM  Al-Ghat wind farm at a price of 1.56 cents per kilowatt-hour measured by LCOE (levelized cost of energy).

A second project the 500-megawatt Waad Al-Shamal, is calculated to be at 1.7 cents per kilowatt-hour.

We are talking of $Cents. 1.56 $Cent/kWh at current exchange rate it is 1.439 €Cents/kWh or 14.39 €/MWh.

Read the full message here: Saudi Arabia sets record for cheap wind energy at ENERGYWATCH