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

July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.
July 3, 2025
Spanish IPP Zelestra has secured a €235 million (US$277 million) increase to its sustainability-linked loan, bringing the total to €770 million.
July 3, 2025
US tracker manufacturer GameChange Solar has introduced the Genius Tracker TF, a new terrain-following solar tracker system designed to deliver “the industry’s lowest grading requirement on challenging terrain.” 
Premium
July 3, 2025
Meeting the UK’s solar targets will not simply require the installation of new capacity, but investment in grid infrastructure and training.
July 3, 2025
TotalEnergies has expanded its renewables assets in the Caribbean, sold a stake in projects in Portugal and begun construction on two PV parks in Spain.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK