Morocco’s continued push for green energy development “sets a new low for wind energy pricing in the world”:
The North African country of Morocco has achieved a new low for wind energy costs, securing average bids of just $US30/MWh from its tender for 850MW tender of large-scale wind energy projects, with the lowest at around $US25/MWh.
The pricing – revealed by its energy ministry at a ministerial round table at the International Renewable Energy summit in Abu Dhabi on Saturday – sets a new low for wind energy pricing in the world, and is boosted by the remarkable wind energy resource sourced from Atlantic trade winds, and some concessional finance.
Abderrahim El Hafidi, vice minister of energy and environment, described the result as “extraordinary” and “amazing” and said it pointed to a “real revolution” in the means of producing energy. Some bids in the US have been in and around $US25/MWh, although these have been boosted by a 30 per cent production tax credit…[FULL STORY]