Dubai doubles capacity of ‘lowest cost’ PV plant to 200MW

Facebook
Twitter
LinkedIn
Reddit
Email

Officials in Dubai have doubled the size of a proposed PV plant to 200MW, after receiving what is thought to be the lowest ever per kWh bid for its construction.

A consortium led by Saudi Arabian firm ACWA Power with Spanish engineering firm TSK bid just US$0.059/kWh, the lowest of 10 bids accepted in the opening stage. It is also widely regarded by the industry as being the lowest bid for solar received in an independent power producer (IPP) tender.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

On Thursday the Dubai Electricity and Water Authority (DEWA) confirmed the selection of ACWA Power. They beat competition from First Solar, Masdar, SunEdison, Hareon and Abengoa.

Saeed Mohammed Al Tayer, managing director and CEO of DEWA said the project would proceed with a levelised cost of energy (LCOE) of US$0.0585/kWh.

“I am pleased to announce that the production capacity of the second phase of the Mohammed bin Rashid Al Maktoum Solar Park has been increased from 100MW to 200MW,” said Al Tayer. “It is one of the biggest strategic new IPP projects in the renewable energy market worldwide.”

The Mohammed bin Rashid Al Maktoum Solar Park will eventually total 1GW with an expected cost of AED12 billion (US$3.27 billion).

Read Next

June 21, 2024
UAE state-owned renewable energy developer Masdar has reached an agreement to buy 67% stake in Greece's Terna Energy.
June 21, 2024
In this year’s ultraviolet-induced degradation (UVID) testing, engineering advisory and test services provider Renewable Energy Test Center (RETC), has noticed that 40% of modules tested have returned with a red-flag result.
June 21, 2024
NextEra Energy Resources has begun construction of a 310MW solar PV plant in Texas, US, offering power to INEOS Olefins & Polymers USA.
June 21, 2024
LONGi has announced a commercial M6 size wafer-level silicon-perovskite tandem solar cell with 30.1% efficiency at Intersolar Europe 2024.
June 21, 2024
Solar PV is expected to generate 20% of global power across midday peaks on the summer solstice in the northern hemisphere, up from 16% in 2023.
June 21, 2024
SolarEdge has unveiled new inverters, and a new operations and management (O&M) platform, at Intersolar Europe 2024.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia