Dubai adds 250MW of PV at 2.4 cents tariff to CSP deal with ACWA Power consortium

Facebook
Twitter
LinkedIn
Reddit
Email
Credit: Dewa

Dubai Electricity and Water Authority (DEWA) has added 250MW of solar PV to its agreement with a consortium led by Saudi-based developer ACWA Power for capacity in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is already one of the world’s largest Concentrated Solar Power (CSP) developments.

DEWA has signed an amendment to the power purchase agreement (PPA) with the consortium, which includes China's Shanghai Electric, for the new 250MW of PV to be supplied at a price of just US$0.024/kWh, amongst the world's lowest utility-scale solar tariffs.

The total capacity of the fourth phase of the solar park will rise from 700MW to 950MW, however, the original fourth phase was made up of 600MW from a parabolic basin complex and 100MW from a solar tower and is said to have the lowest Levelised Cost of Electricity (LCOE) of US$0.073/kWh for CSP technology. The project is also set to have what is claimed to be the world’s tallest solar tower at 260 metres, and the largest thermal energy storage capacity of 15 hours, allowing for round-the-clock energy generation.

The park is set to have an overall power capacity of 5GW by 2030 and investments worth AED 50 billion (13.6 billion). The first 13MW solar PV phase became operational in 2013. The second 200MW PV phase of the solar park was launched in March 2017 and the 800MW third phase will be operational by 2020.

Crown Prince of Dubai and chairman of The Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said: “Being at the forefront of technological advancement in this sector is critical to Dubai’s aspiration of becoming one of the leading cities of the world. We see this project being a unique model for large clean energy projects elsewhere in the world. This ambitious initiative also adds a new facet to our cooperation with two of our strongest partners, Saudi Arabia and China. The project brings together a distinctive combination of advanced knowledge and expertise to create the largest single-site solar park in the world.”

29 November 2022
PV ModuleTech EMEA in Madrid on 29-30 November 2022 will address the factors underpinning the changing PV module landscape, gathering together all the key stakeholders across the value-chain from module production to field testing. Join us for presentations from the leading players in the sector, clearly identifying the opportunities and challenges set to impact module supply to Europe and the Middle-East over the next few years.

Read Next

September 5, 2022
EPC contractor Shanghai Electric has completed phase B of the fifth phase of the 900MW Mohammed bin Rashid (MBR) Solar Park in Dubai.
June 29, 2022
Arab-speaking countries in the MENA region have planned to increase utility-scale solar capacity by 49.5 GW by 2030, according to Global Energy Monitor.
PV Tech Premium
June 14, 2022
With PV cleaning robots posing significant advantages for solar O&M, Ben Figgis of the Qatar Environment & Energy Research Institute of Hamad bin Khalifa University, explores recent developments of standards in the field.
May 30, 2022
Israel is planning to scale up solar deployment as part of a new government strategy designed to put the country on track to have 30% of its electricity generation from renewables by 2030.
March 9, 2022
Solar developers ACWA Power and Jinko Power have both penned power purchase agreements in Saudi Arabia, with the country aiming to launch 15GW of projects in the next two years.
February 22, 2022
and smart infrastructure in the Middle East, Africa and Asia, with investments earmarked for a portfolio of projects exceeding 1GW.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)