Dubai Electricity and Water Authority (DEWA) has achieved a world record by receiving the lowest bid of USD 1.6953 cents per kilowatt hour (kW/h) for the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park for using photovoltaic (PV) solar panels, based on the Independent Power Producer (IPP) model. This phase will become operational in stages starting in Q2 of 2021.
“For the fifth time, DEWA has achieved a world record in getting the lowest price for PV solar power projects based on the IPP model. This shows the priority our wise leadership gives to clean and renewable energy projects, which has contributed to its global cost reduction. The projects at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, are of great interest to international developers and reaffirms investor confidence in the major projects that are supported by the Government of Dubai. DEWA has attracted huge investments to the UAE from the private sector and foreign banks, leading to increased cash flow to the economy of Dubai and the UAE,” said Saeed Mohammed Al Tayer, MD & CEO of DEWA.
“Achieving the Dubai Clean Energy Strategy 2050 to provide 75% of Dubai’s total power output from clean energy by 2050, requires a capacity of 42,000MW of clean and renewable energy by 2050. Current total production capacity of solar projects at the solar park is 713MW. DEWA is building three other projects with a total capacity of 1,250MW. The 900MW 5th phase of the solar park will increase the production capacity to 2,863MW,” added Al Tayer.
Al Tayer said that DEWA is committed to completing the phases of the Mohammed bin Rashid Al Maktoum Solar Park according to the highest international standards using the latest solar power technologies to enhance the shift towards a green economy by increasing its share of clean and renewable energy. He noted that the solar park would reduce over 6.5 tonnes of carbon emissions annually.
Waleed Salman, Executive Vice President of Business Development & Excellence at DEWA, said that DEWA released the tender for the 5th phase in February 2019, and received 60 Requests for Qualifications (RFQ) from developers to build and operate the 900MW project using PV solar panels, based on the IPP model. After studying the proposals, 9 consortiums and companies qualified, and were invited to send their bids. These bids are being studied and the winning bid will be announced next month.