MENA PV 'on way to €0.05/kWh'

Saudi Arabia has a target of 9.5GW of renewables by 2030

A 3.5MW PV array in Saudi Arabia developed by Phoenix Solar.

The levelised cost of energy (LCOE) for electricity generated from PV in the Middle East and Northern Africa (MENA) region could fall below €0.05 per kilowatt hour ($0.068/kWh) in the next five years, according to Stefan Müller, chief operating officer at German solar EPC provider and consultant Enerparc. 


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