A tender for the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has attracted huge interest, on expected lines.
Several media outlets in the Middle East recently reported the tremendous interest shown by scores of project developers from around the world for development of the fifth phase of the famous Dubai solar power park. According to Gulf Today, a total of 64 companies have expressed interest in the project. The companies now have up to 22 August to submit their final bids.
The fifth phase shall see the development of 900 megawatts of solar PV capacity, around 50 kilometers south of the city of Dubai. The winning company, or consortium of companies, will own 40% in the project while a 60% stake in the project shall be owned by the Dubai Electricity and Water Authority (DEWA). The fifth phase will be commissioned in stages starting from Q2 2021.
The development of the solar power park has been highly successful so far due to a multiple of reasons, including cheap debt and easier availability of land, among others.
DEWA plans to increase the installed capacity at the solar power park to 5 gigawatts by 2030. A capacity of more than 1.95 gigawatts has already been allocated to various project developers including ACWA Power and Masdar at some of the lowest-ever tariff bids in the world.
The first phase of the solar power park was developed by First Solar and has an installed capacity of 13 megawatts based on solar PV technology. The tenders for the second to fifth phase are biased towards solar PV technology as well. The capacity offered in tenders for the second to fifth phase is 2.85 gigawatts, including 2.1 gigawatts of capacity based on solar PV technology. Parabolic trough concentrated solar power technology has an allocated capacity of 600 megawatts while solar tower technology has an allocated capacity of 100 megawatts.
The 800 megawatt solar PV project in the third phase was auctioned at 2.99¢/kWh while the 250-megawatt solar PV project in the fourth phase was allocated at 2.4¢/kWh.
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