According to a report by Arabian Business, the Dubai Electricity & Water Authority (DEWA) will issue the initial bids for the first 10MW of a US$3.3 billion solar park this September. The 1,000MW solar park has a target date for completion in 2030.
“The bids will be out in the third quarter for the first 10MW unit and the contract will be awarded in the fourth quarter of this year,” Fatima Alshamsi, senior manager for new business development at DEWA, said in an interview in Dubai. “The first unit will start operations in 2013.”
The Supreme Council has pledged US$32.67 million to fund the first 10MW of the solar park. The remainder will be financed by public-private partnerships, which will be defined once ILF Consulting Engineers completed their study on the 48m2 area.