Renew Economy
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.
