EDF Group joins Masdar-led consortium developing solar park in Dubai
Post date: 23/03/2017 - 19:21
French company EDF Energies Nouvelles has joined the Masdar-led consortium developing Phase 3 of the »Mohammed bin Rashid Al Maktoum Solar Park« in Dubai. The agreement was signed by Jean-Bernard Levy, Chairman and CEO of EDF Group, and Mohamed Jameel Al Ramahi, CEO of Masdar, Abu Dhabi Future Energy Company. Details on EDF’s participation and investment were not disclosed.
In June 2016, a Masdar-led consortium was selected by Dubai Electricity and Water Authority (DEWA) to develop the world’s largest solar park on a single plot on completion, after setting a record-low bid price for solar power generation of ¢0.0299 per kWh. The EPC contract agreement has been awarded to an international consortium led by Gransolar of Spain, alongside Spanish Acciona and Ghella of Italy.
In January 2017, Masdar has broken ground for the construction of the 800 MW Phase 3 of the solar project. Construction of the 16 square-kilometer expansion will occur in three stages. The first 200 MW stage is expected to be completed by the first half of 2018 and the next 300 MW phase is due the following year, with the final 300 MW tranche to come on stream in the first half of 2020.
In March, DEWA put online the 200 MW Phase 2 of the Mohammed bin Rashid Al Maktoum Solar Park. Phase 1, of 13 MW, was built by US company First Solar Inc several years ago.
The Mohammed bin Rashid Al Maktoum solar park has a planned capacity of 5,000 MW by 2030, and a total investment of AED 50 billion ($14 billion).