A Tataouine - based , 200 MW solar project , part of a 500 MW tender launched in November , has generated Africa 's lowest - ever bid of TND7.18 / MW ( $ 0.0244 ) , according to Tunisia 's Ministry for Energy , Mines and Renewable Energy . ’s Mitsui. Ministry advisor Mehdi Majoul wrote in a blog post that Scatec Solar was behind the bid , among the world 's lowest , while the auction 's three other bids all submitted offers below $ 0.03 . Majoul said the low prices would reduce national electricity production costs and subsidies , and cut natural gas imports by 20 % .
A Tataouine - based , 200 MW solar project , part of a 500 MW tender launched in November , has generated Africa 's lowest - ever bid of TND7.18 / MW ( $ 0.0244 ) , according to Tunisia 's Ministry for Energy , Mines and Renewable Energy . Ministry advisor Mehdi Majoul wrote in a blog post that Scatec Solar was behind the bid , among the world 's lowest , while the auction 's three other bids all submitted offers below $ 0.03 . Majoul said the low prices would reduce national electricity production costs and subsidies , and cut natural gas imports by 20 % .