900MW tranche of Dubai’s MBR solar park sees bid of $0.016953/kWh

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
A model of the Mohammed Rashid Al-Maktoum solar park. Source: DEWA

The Dubai Electricity & Water Authority (DEWA) has allegedly attracted the world's second lowest global solar bid for a 900MW tranche of the 5GW Mohammed Rashid Al-Maktoum (MBR) solar park in Dubai.

The tariff lodged was $0.016953/kWh, according to industry journal IJGlobal, just shy of beating the record low tariff of $0.01644/kWh lodged in a Portuguese PV auction over the summer.

A DEWA spokesperson declined to comment on the reports in an email exchange with PV Tech on Sunday. He said that a news release about the outcome of the tender would be forthcoming.

The utility's chief executive officer Saeed Mohammed Al Tayer told Bloomberg on Sunday that the submitted bid was “the lowest price worldwide,” but declined to reveal the winning contractor.

According to IJGlobal, the bid was submitted by a consortium led by Saudi-Arabian energy giant ACWA, a formula that has won in other tender phases of the MBR solar park.

The capacity in question is for the fifth phase of development of the solar park, which is billed by backers as the largest single-site park in the world. In June, DEWA said that it had received letters of intent for the tender from 64 companies and that the development would be commissioned in stages starting from Q2 2021.

DEWA will award a 25-year power purchase agreement (PPA) to the winning bidder and will retain 60% ownership of the project.

Work on the solar park began in 2012. First Solar won the first phase of the project and phase two, which was awarded to a consortium led by ACWA, is being constructed by Spain’s EKS. A Masdar-led consortium and EDF won the third phase of development.

Phase four, which comprises 600MW from a parabolic basin complex, a 100MW solar tower, and 250MW of PV, was awarded to a consortium that includes ACWA, the Silk Road Fund. China’s Shanghai Electric is the EPC contractor.

DEWA wants the park to roll out 5GW of capacity by 2030.

Correction: This story and its headline were amended at 10:07 BST on 16 October to correct the bid reported in IGJournal from $0.0175/kWh to $0.016953/kWh.

Read Next

April 26, 2021
Solar developer ACWA Power has secured a total US$114 million from financial institutions to fund the construction of what it claims will be Egypt’s largest private solar plant.
April 7, 2021
Saudi Arabian developer ACWA Power has finalised agreements for the 200MW Kom Ombo solar plant in Egypt, with construction work set to begin later this year.
March 24, 2021
Abu Dhabi National Energy Company (TAQA) has announced plans to ramp up its solar PV portfolio through a new strategic plan that will see the power producer aim to reduce its exposure to oil and gas.
March 19, 2021
A renewables procurement round launched today (19 March) by the government of South Africa will aim to source 2.6GW of clean energy capacity, of which 1GW will be solar PV and 1.6GW wind.
March 4, 2021
A round-up of the latest solar project news from around the world, including updates from Hanwha Q CELLS and Capital Dynamics.
February 10, 2021
The United Arab Emirates (UAE) is capable of reaching its renewable energy targets thanks to a “robust” development pipeline of solar projects, new research from Rystad Energy suggests.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021