This headline is beyond misleading. The reason this bid was so low that it is financed by a state owned company in Abu Dhabi.
"One can suspect that Masdar had access to long-term financing through the wealthy emirate of Abu Dhabi that no commercial banks, the primary source of capital for the other bidders, could match in cost."
The cost of capital is the most important thing on these projects. If you're getting below market capital financing then no shit, prices are going to fall a lot.
"One can suspect that Masdar had access to long-term financing through the wealthy emirate of Abu Dhabi that no commercial banks, the primary source of capital for the other bidders, could match in cost."
The cost of capital is the most important thing on these projects. If you're getting below market capital financing then no shit, prices are going to fall a lot.