Dubai Electricity and Water Authority (DEWA) has received five bids for the 800MW Phase III of Mohammed bin Rashid Al Maktoum Solar Park.
The National reported that among the bidders were Spanish company Fotowatio Renewable Ventures (FRV), Chinese photovoltaics (PV) company JinkoSolar (JKS), and ACWA Power from Saudi Arabia.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The lowest was a bid of $2.99 every kWh and further details of the deal have yet to be disclosed.
In the next step of the bidding process, DEWA will determine the best bid by analysing each entry’s technical and commercial aspects.
DEWA’s managing director and CEO HE Saeed Mohammed Al Tayer said: "DEWA is able to keep up with developments in energy and has demonstrated its flexibility to do so.
"This is based on its success in implementing the Dubai Clean Energy Strategy 2050, which was launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai. The strategy has targets to provide 7% of Dubai’s total power output from clean energy sources by 2020. This target will increase to 25% by 2030 and 75% by 2050.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"This strategy includes initiatives such as the Mohammed bin Rashid Al Maktoum Solar Park, which is the largest single-site project to generate electricity from solar energy in the world with a planned capacity of 5,000MW by 2030 and total investment of AED50bn ($13.6bn) to save approximately 6.5 million tonnes per annum in emissions."
In 2015, ACWA Power International and TSK also won a 200MW Phase II of the solar park in Dubai.
Image: DEWA managing director and CEO HE Saeed Mohammed Al Tayer. Photo: courtesy of DEWA.
