UAE renewable energy firm Masdar and partner EDF of France have offered a record low electricity price of US¢1.79/kWh in the bidding for a 300MW solar photovoltaic (PV) project to be developed at Sakaka in the northern Al-Jawf region of Saudi Arabia, the kingdom’s first ever utility-scale solar PV project.

The Renewable Energy Project Development Office (Repdo) of the Saudi Ministry of Energy announced this week that it had received eight bids from pre-qualified companies, with...