Sorrycut and paste on our ongoing energy saga isn south australia. Good read

[Hamloc]

Chuck2 if solar power was 2.4 cents a kwh in Canada number 1 it would be installed everywhere and this is the most important point, it wouldn't require subsidization!!!!!

[chuckChuck]

From Bloomberg https://www.bloomberg.com/news/articles/2016-05-03/solar-developers-undercut-coal-with-another-record-set-in-dubai

New Record Set for World's Cheapest Solar, Now Undercutting Coal
by Anna Hirtenstein
May 3, 2016, 10:20 AM CST

2.99 U.S. cents per kilowatt-hour is 15% lower than old record
Cheaper than new coal-fired electricity in the Gulf emirate

Solar power set another record-low price as renewable energy developers working in the United Arab Emirates shrugged off financial turmoil in the industry to promise projects costs that undercut even coal-fired generators.

Developers bid as little as 2.99 cents a kilowatt-hour to develop 800 megawatts of solar-power projects for the Dubai Electricity & Water Authority, the utility for the Persian Gulf emirate, announced on Sunday. That’s 15 percent lower than the previous record set in Mexico last month, according to Bloomberg New Energy Finance.

QuickTake Solar Energy

The lowest priced solar power has plunged almost 50 percent in the past year. Saudi Arabia’s Acwa Power International set a record in January 2015 by offering to build a portion of the same Dubai solar park for power priced at 5.85 cents per kilowatt-hour. Records were subsequently set in Peru and Mexico before Dubai reclaimed its mantel as purveyor of the world’s cheapest solar power.

“This bid tells us that some bidders are willing to risk a lot for the prestige of being the cheapest solar developer,” said Jenny Chase, head of solar analysis at BNEF. “Nobody knows how it’s meant to work.”

Plunging costs along with the bankruptcy for the biggest developer, SunEdison Inc., has spurred questions about whether the cheapest projects will ever be profitable. The collapse of the world’s largest renewable energy company made some banks wary of financing projects. The winners of recent auctions in Mexico, Peru and Chile were diversified power companies like Enel SpA, which perhaps prioritized market share over profit maximization.

Dubai’s utility didn’t identify the developers behind the record-low bid it received. MEED reported that it’s a group including Masdar Abu Dhabi Future Energy Co., Spain’s Fotowatio Renewable Ventures BV and Saudi Arabia’s Abdul Latif Jameel. Among those companies, only Masdar could be reached for comment, and it didn’t confirm that it was the low bidder.

“A consortium led by Masdar, Abu Dhabi’s renewable energy company, was one of a number of bidders to have submitted a proposal for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park,” a spokesperson for the consortium said in an e-mailed statement. “This is an active bid, with the technical and commercial proposals being evaluated by Dubai Electricity and Water Authority.”
Tender Process

The shift to tenders from feed-in tariffs for clean energy globally has helped governments rein in support for renewables while prodding companies to deliver lower costs. That’s shifted pressure away from government budgets and toward developers, which must strike a balance between a winning new contracts and maintaining profits.

Enel Green Power’s Chief Executive Officer Francesco Venturini, whose company bid 3.5 cents a kilowatt hour in Mexico last month, said in an interview that his projects will still make decent money even with record-low prices for electricity.
Enel’s Strategy

“There is no value in winning without margin attached,” Venturini said in an interview in Brussels last month. “I have two investment committees and two boards of directors I need to present my projects to and they want to see the money attached to it. So trust me, there is margin.”

Dubai’s state utility said it received five bids for the 800-megawatt project, which will be the third phase of the Mohammed bin Rashid Al-Maktoum solar park. It has not awarded the building permits yet. The facility is planned to have a capacity of 5 gigawatts by 2030.

“This price is borderline in terms of viability, but it’s an outlier project,” said Josefin Berg, solar analyst at IHS Inc., an industry researcher. “The size of the installation makes it easier to get good conditions on their procurement. It shouldn’t be used as a benchmark.”

The 2.99 cents bid for the solar project is a third lower than the electricity that will be generated by a coal plant commissioned by Dubai in October. That facility, set to begin generating in 2020, is expected to feed power onto the grid at 4.501 cents per kilowatt-hour under a 25-year power purchase agreement.

[chuckChuck]

Lowest-Ever Solar Price Bid (2.42¢/kWh) Dropped In Abu Dhabi By JinkoSolar & Marubeni Score
https://cleantechnica.com/2016/09/20/lowest-ever-solar-price-bid-2-42%C2%A2kwh-dropped-abu-dhabi-jinkosolar-marubeni-score/
September 20th, 2016 by Saurabh Mahapatra

Originally published on CleanTechies

The United Arab Emirates has seen yet another record-breaking solar power tariff bid. Abu Dhabi received the lowest-ever bid for a solar PV project at a shocking 2.42¢/kWh, taking back the title of cheapest solar power project from Chile.

The record-breaking bid has been submitted by a consortium of Chinese module manufacturer JinkoSolar and Japanese developer Marubeni.

lowest-solar-price-bids

Abu Dhabi Electricity and Water Authority received a total of 6 bids for the proposed 350 MW solar PV project planned to be built in the town of Swaihan, Abu Dhabi. Out of 6 bids, the lowest ever bid of 2.42¢/kWh has been submitted by the JinkoSolar–Marubeni consortium. The results of the tender are not out yet, as authorities will now evaluate the proposals for technical and economic viability.

The current bid of 2.42¢/kWh is the lowest so far globally, and by quite a bit — it is shockingly low. This bid is 20% lower than the previous record bid of 2.91¢/kWh submitted at an auction in Chile last month.

The second-lowest bid in the Abu Dhabi tender was reportedly not much higher, at 2.53¢/kWh, and was submitted by a local firm. These bids also beat the 2.99¢/kWh bid (shocking at the time … and still to some extent) submitted by a Masdar-led consortium for an 800 MW solar PV project in Dubai.

The Abu Dhabi solar park was initially planned for 350 MW. However, media reports state a possible increase in project size, as bidders were allowed to bid for larger capacities. The final capacity of the solar power park may well increase to 1 GW.

In recent months, large solar power parks around the globe have received bids less than 4.00¢/kWh — in India, Chile, the UAE, and elsewhere.

Many large developers — including Italy’s Enel, TSK, ACWA, Abdul Latif Jameel, and Engie reportedly pulled out of the Abu Dhabi tender due to expected high competition and concern over a drastic drop in prices.

[sumdumguy]

The proof is in the pudding.

[SASKFARMER3]

But Ontario and California are doing so well going balls to the wall ha ha

Germany has other problems beside clean energy. One question how come when Canadians go visit relatives in Germany they are hunkered down under blankets to sit and watch tv. Just saying why not turn up the thermostat. Oh can't out bill would be idiotic. So sitting under blankets isn't.

Really chuck it's billshit just admit it

[Hamloc]

Where in your long cut and paste do you answer in relation to Canada, nowhere!!!

[chuckChuck]

As far as Canada there is not as much information and Ontario's numbers are out of date already on solar and wind. Saskpower is your best indication that wind is competitive. They are planning 1600 Mw of wind by 2030.

For Solar they are planning much less as I expect they want to test the water and wait for prices to come down. Canada also has import tariffs (Trump style protectionism at work) on panels to protect the manufacturing of solar panels in Ontario.

How long that will tariffs last is anyones guess.

Every country and region will have different cost and considerations. Western Canada has about as good of solar resources as Germany. They have about 40Gw of solar PV production on the best days if I remember correctly.

If solar and wind are integrated well with hydro and gas that can be more flexible, as wind and solar require flexible backup, then less fossil fuel will be used lowering carbon emissions.

If Saskpower and Brad Wall didn't think this will work why would they be planning on 1600Mw of wind? What would be the advantage?

So the quote I saw in Bloomberg at 2.4 cents per Kwh in the UAE is the cost to produce. This does not include transmission costs, profit etc. I don't have any idea what electricity costs consumers in the UAE? The main point is solar is coming in a lot less than new coal to produce in the UAE. That in itself is the point.

[sumdumguy]

You should boogey down to the bank Chuckie, opportunity knocks!