ACWA Power’s latest record-low contract signed with DEWA at just over 7 cents per kWh is no outlier, according to CEO Paddy Padmanathan. CSP is a thermal form of solar that typically includes thermal storage in a power block so that it can generate power at any time, not just when the sun shines.
![All MENA CSP Now 7 Cents or Under Says ACWA Power](https://www.solarpaces.org/wp-content/uploads/Paddy-Padmanathan-7.3-cents-for-night-solar-1.png)