Dubai utility receives five bids for 800 MW solar tender, lowest bid was $0.0299 per kWh
Post date: 02/05/2016 - 08:11
The Dubai Electricity & Water Authority (DEWA) announced it has received five bids in the tender for the 800 MW third phase of the 1 GW Mohammed bin Rashid Al Maktoum Solar Park. The utility said that the lowest bid was $0.0299 per kWh without providing further details. DEWA, which began accepting Expression of Interest proposals from international developers at end of September 2015, had received 95 EOI responses from international solar companies. DEWA said it will now review the technical and commercial aspects of the bids to select the best one.
The Mohammed bin Rashid Al Maktoum Solar Park was created in an effort to diversify Dubai’s energy mix. The project will see 1 GW of PV capacity installed in the emirate by 2030 at a cost of approximately 12 billion AED ($3.27 billion). As a result of the project, solar energy will account for 1% of Dubai’s total energy production by 2020 and 5% by 2030. Following completion of phase II of the project, Dubai will have a total installed capacity of approximately 220 MW. The first phase of the program consisted of a 13 MW PV project built by US developer and thin-film module producer First Solar Inc. The developer completed the 13 MW project in the second half of 2013.