Saudi has joined the GCC’s spree of record low solar PV pricing. But doubters will be waiting to see if aggressive price per kilowatt-hour pledges can be achieved.

The Renewable Energy Project Development Office (Repdo) of Saudi Arabia’s Ministry of Energy has awarded the first solar project under its National Renewable Energy Program (NREP) to Saudi private energy developer Acwa Power.

Acwa offered a price of US¢2.34/kWh for the 300MW Sakaka solar photovoltaic (PV) plant,...