Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Masdar Consortium Granted Dubai’s 800 MW, 3¢/kWh Solar Power Contract

Originally published on Cleantechies.

Low Solar Prices May 1 2016

Dubai Electricity and Water Authority has given official confirmation about the winners of the 800 MW phase III of the Dubai solar power park.

A Masdar Group–led consortium was confirmed as the winner of the 800 MW solar power tender that was floated by the Dubai Electricity and Water Authority (DEWA) last year. The consortium includes Fotowatio Renewable Ventures and Gransolar Group.

The 800 MW phase III of the Mohammed bin Rashid Al Maktoum Solar Park will be commissioned by 2020 and will add to the existing 13 MW and the under-development 200 MW of capacity. The phase III tender set another record for lowest-ever solar PV tariff globally. The Masdar-led consortium beat the phase II winning bid of 5.84¢/kWh with a bid of 2.99¢/kWh.

A fourth phase of the solar power park was announced by DEWA recently, which will have an installed capacity of 1 GW.

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 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 electricity output from renewable energy sources by 2020, and 15% by 2030.

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

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

Comments

You May Also Like

Biomass

South Dakota's renewable energy resources are quickly expanding beyond hydropower, with wind as frontrunner and solar bringing up the rear.

Clean Power

Statement by White House Press Secretary Karine Jean-Pierre on the U.S.-UAE Partnership to Accelerate Transition to Clean Energy (PACE) Today the United States joined with the...

Clean Transport

Chevrolet has released another preview of the all-electric Chevrolet Blazer SS and has announced its official reveal date: Monday, July 18th. Stay tuned for...

Clean Power

By Andries Wantenaar of Rethink Energy Azerbaijan has announced a partnership with UAE-based developer Masdar for 1 gigawatt (GW) each of solar and onshore...

Copyright © 2022 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.