Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Dubai Gets Record-Low Bid Of 2.99¢/kWh For 800 MW Solar PV Project

Dubai Electricity and Water Authority has received yet another record-breaking bid for expansion of the iconic Mohammed bin Rashid Al Maktoum Solar Park, the lowest solar price bid in history, for an 800 MW solar PV project that expands on 213 MW.

Low Solar Prices May 1 2016

Dubai Electricity and Water Authority (DEWA) had floated tenders for expansion of the Dubai solar power park. The third phase of the project will see addition of 800 MW capacity, to the existing 13 MW (phase I) and under-development 200 MW (phase II) capacity.

DEWA has reported that it received 5 final bids, but did not disclose the names of the participating companies. The lowest bid among them is at a record-breaking 2.99¢/kWh, which makes the project the cheapest-ever in the world.

Initially, the Authority received as many as 95 expressions of interest. Many prospective bidders are believed to have formed joint ventures for the subsequent rounds of bidding, with around 20 left in the fray at the end of last year. These included biggies like SunEdison, ACWA Power, JinkoSolar–RWE, REC Solar, and Engie.   

The first phase of the solar park involved the installation of 13 MW worth of capacity and was executed by First Solar, and through the second phase tender, 200 MW capacity was auctioned to Saudi Arabia’s ACWA Power–TSK consortium at a then-record-low average tariff of 5.84¢/kWh.

Rumor is that Abdul Latif Jameel (Saudi Arabia) + Fotowatio Renewable Ventures (Spain) + Masdar (UAE) formed a consortium for the low solar price bid of 2.99¢/kWh, JinkoSolar was next at 3.65¢/kWh, and a consortium of First Solar & ACWA Power was next at 3.95¢/kWh.

The initial installed capacity target for Mohammed bin Rashid Al Maktoum Solar Park was set at 1 GW by 2019. However, last year, DEWA announced that it would boost the park’s capacity to 3 GW by 2030, with a total estimated investment of $3 billion.

The solar power park is central to DEWA’s target to source 7% of Dubai’s total power output from renewable energy sources by 2020, and 15% by 2030.

Recently, the Abu Dhabi Water & Electricity Authority (ADWEA) also announced that it received bids from a total of 34 companies for the development of a 350 MW solar power project. The 8 companies competing for the role of main project developers include First Solar, EDF, Enel, Engie, RWE–Belectric, Solar Reserve, and Total–SunPower.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: How NVIDIA Is Bringing Autonomy To Automakers

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Autonomous Vehicles

Welcome to China × Cleantech — January 2021 edition. Our China x Cleantech series covers top cleantech stories in China each month. Happy 牛 Year! I...

Clean Power

With a target to reduce dependence on imported solar cells and modules, the Indian government has announced an incentive program for solar cell and...

Batteries

The first charging station in Spain to use second-life electric bus batteries for energy storage is now online. The batteries come from Irizar electric...

Batteries

A giant 1 gigawatt (1000 megawatt) solar-plus-storage project is currently planned for France. Engie, one of the world’s biggest energy companies, and Neoen, a...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.