man

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

Data Insights

The gold standard of business intelligence.

Find out more

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.

"It is the largest single-site project to generate electricity from solar energy in the world, with a planned capacity of 5,000MW by 2030."

"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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"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.