Saudi scientists have determined the current price threshold for power purchase agreements (PPA) that could make large-scale PV and wind power projects viable in Saudi Arabia. They incorporated data from the 300 MW Sakaka solar farm and four potential utility-scale PV project sites.
These lines were to carry solar power from projects in Rajasthan totalling 8,100 MW and were made at a cost of around Rs 29,000 crore ($4 billion) as per industry estimates, while PGCIL will spend more than Rs 3,500 crore over the next 25 years to build and operate these lines. Rajasthan currently has about 10,500 MW of renewable energy capacity.
In India, the price of a solar panel starts from ₹ 34 per watt for panels with a rating of 40 ~ 380 watts.
“The Sakaka solar PV plant operates under a 25-year PPA with an electricity price of $23.40/MWh, while the Dumat Al Jandal wind farm has a 20-year PPA with an electricity price of $21.30/MWh,” the researchers said, acknowledging that technical and financial details for the plants are not fully available.
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