Solar PV saw its lowest levelized cost of energy (LCOE) — 1.78 US cents/kWh — in a bidding contest in October 2017 to Saudi Arabia's first 300 MWp utility-scale solar PV Plant in Sakakah. Compared to the lowest LCOE bids of 3 US cents/kWh submitted to DEWA in May 2016; the cost has come down almost 40 percent for every kWh sold to the Grid.

Renewable Energy World