Clean Power

Published on June 30th, 2016 | by Saurabh Mahapatra


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

June 30th, 2016 by  

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.

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About the Author

A young solar enthusiast from India keeping an eye on all regulatory, policy and market updates from one of the fastest emerging solar power markets in the world.

  • vensonata .

    Change the article title…many readers would be interested. “3 cents kwh PV, world record”

    • Will do. We covered that part before, but was a glaring omission here.

  • vensonata .

    Under 3cents kwh! Staggering… in fact, so remarkable that there must be some cautious inquiry whether this is real.

    • Frank

      Well, I I’m guessing that they are factoring in a little price drop in the next couple of years. It isn’t due till 2020, but the article did say the previous low bid is under construction. Good question though. There are a couple of ultra mega coal plants in India that aren’t moving due to money.

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