Masdar-led consortium wins Dubai 800MW solar deal
A consortium led by Abu Dhabi’s Masdar has been selected to build the 800-megawatt (MW) third phase of Dubai’s solar park
A consortium led by Abu Dhabi’s Masdar has been selected to build the 800-megawatt (MW) third phase of Dubai’s solar park, Dewa has said.
The consortium also includes Spanish companies Fotowatio Renewable Ventures (FRV) and Gransolar Group, Dubai Electricity and Water Authority said in a statement late on Sunday.
The third phase of Sheikh Mohammed bin Rashid al-Maktoum Solar Park will be operational by 2020, it added.
It is planned to be the largest single-site solar park in the world, producing 5,000 MW by 2030 with a total investment of $13.61bn, DEWA added.
“The selection of the Masdar-led consortium to develop the third phase of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai is a testament to the company’s experience and track record over the last decade,” said Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Chairman of Masdar.
“It also reinforces Abu Dhabi’s and Masdar’s growing contribution to the development of the renewable energy industry, both domestically and internationally."
Dubai is targeting to generate 25% of its total power from clean energy sources by 2030.
DEWA said last month that the lowest generation price offered by five potential bidders to build the plant was 2.99 cents per kilowatt-hour (kWh).
Early this month, Dewa announced that it was in the final stages of tendering the first phase of what is expected to result into the largest concentrated solar power (CSP) plant in the world with a total installed capacity of 1000MW by 2030.
The developer for the 200MW initial phase of the project is expected to be announced early 2017.