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Mohammad Bin Rashid Al Maktoum Solar Park

EDF Joins Masdar For 800 Megawatts Dubai Solar Project

written by saurabh

EDF Energies Nouvelles will work with Masdar Group on the 800 megawatt phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park in the United Arab Emirates.

Masdar Group, Fotowatio Renewable Ventures and Gransolar Group have been joined by EDF Energies Nouvelles just weeks after construction on the third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai began.

The Masdar Group–led consortium was confirmed as the winner of the 800 MW solar power tender that was floated by the Dubai Electricity and Water Authority (DEWA) last year. The phase III tender set a record for lowest-ever solar PV tariff globally at that time. The Masdar-led consortium beat the phase II winning bid of 5.84¢/kWh with a bid of 2.99¢/kWh. Masdar Group and DEWA signed the power purchase agreement for the project in November 2016.

Phase two of the solar power park with 200 megawatts capacity has already been commissioned. Tender for 200 megawatts phase four of the solar park will be opened in June this year; this phase will be based on concentrated solar power technology.

The Mohammed bin Rashid Al Maktoum Solar Park will have an eventual capacity of 5 gigawatts. The initial planned capacity was 1 gigawatt which was subsequently increased to 3 gigawatts, and now 5 gigawatts. Bids of the first 1 gigawatt of capacity have already been awarded.

03/28/2017 0 comment

Renewable Energy

Dubai To Allocate 200 Megawatt CSP Project In June

written by saurabh

Dubai Electricity and Water Authority (DEWA) will allocate 200 megawatt concentrated solar power project in June this year.

The 200 megawatt CSP project will be part of the Mohammad Bin Rashid Al Maktoum Solar Park. The solar park already has 213 megawatt operational capacity based on photovoltaic technology. Construction on 800 megawatt third phase of the solar power park has also begun recently.

DEWA has issued tender for the fourth phase in January this year. It expects bids to be around 8.00¢/kWh. In comparison, the third phase 800 megawatt capacity was auctioned at record-low tariff of 2.99¢/kWh. The CSP project is expected to be commissioned in 2021. An additional 800 megawatts CSP capacity will be added to the solar park by 2030.

The solar power park will now be increased to a capacity of 5 gigawatts. The initial planned capacity was 1 gigawatt which was subsequently increased to 3 gigawatts, and now 5 gigawatts. Bids of the first 1 gigawatt of capacity have already been awarded.

Under the recently announced Dubai Clean Energy Strategy 2050 plan, Dubai targets 44% energy from renewable energy sources, 38% from gas, 12% from ‘clean fuels’ and 6% from nuclear energy. Almost $17 billion will be invested to expand the Mohammad Bin Rashid Al Maktoum Solar Park.

03/28/2017 0 comment

Renewable Energy

ACWA Power Commissions 200 Megawatts Solar Project In Dubai

written by saurabh

The Dubai Electricity and Water Authority recently announced that the second phase of Mohammed bin Rashid Al Maktoum Solar Park has been commissioned.

The 200 megawatts project of the Mohammed bin Rashid Al Maktoum Solar Park takes the total capacity of the park to 213 megawatts. The project was allotted to a consortium of ACWA Power and TSK at then-lowest tariff of 5.98¢/kWh.

The project was officially launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. The project consists of 2.3 million solar panels supplied by First Solar. The project is spread over 4.5 square kilometres and will generate enough electricity to power 50,000 homes and offset 214,000 tonnes of carbon dioxide emissions every year.

ACWA Power secured debt financing loan worth $344 million for the project. The 27-year loan will be provided by Abu Dhabi’s First Gulf Bank and 2 Saudi banks — the National Commercial Bank and the Samba Financial Group. Paddy Padmanathan, Chief Executive Officer, ACWA Power had announced at Abu Dhabi Sustainability Week 2015 that the company would secure debt financing at a low interest rate of just 4%.

The solar power park will have an eventual capacity of 5 gigawatts. The initial planned capacity was 1 gigawatt which was subsequently increased to 3 gigawatts, and now 5 gigawatts. Bids of the first 1 gigawatt of capacity have already been awarded.

Phase III of the solar power park, with capacity of 800 megawatts, was awarded to a consortium of Masdar Group, Fotowatio Renewable Ventures and Gransolar Group. The project was awarded at 2.99¢/kWh. Power purchase agreement for this phase has been signed and construction is underway. The project will likely be commissioned by 2020.

DEWA has also issued a tender for 200 megawatts concentrated solar power capacity which will form phase IV of the solar power park. The project will be awarded in June this year and is expected to be operational by April 2021.

03/22/2017 0 comment

Renewable Energy

Dubai Launches 200 Megawatts CSP Tender

written by saurabh

Dubai Electricity & Water Authority (DEWA) announced a fresh tender for the iconic Mohammad Bin Rashid Al Maktoum Solar Park just days after Dubai announced long-term renewable energy targets.

Media outlets recently reported that DEWA launched a 200 megawatts tender for concentrated solar power project at the Mohammad Bin Rashid Al Maktoum Solar Park. This is the first time concentrated solar power technology will come up at the solar power park.

The 200 megawatt project is set to be commissioned by April 2021 and will add to the more than 1 gigawatts of solar photovoltaic power capacity, almost of which is currently under development at the solar power park.

An additional 800 megawatts CSP capacity will be added to the solar power park taking the total CSP installed capacity to 1,000 megawatts by 2030.

Under the Dubai Clean Energy Strategy, the Emirate aims to achieve 7% share of clean energy sources in the total energy mix, which is scheduled to be increased to 25% by 2030 and 75% by 2050.

01/22/2017 0 comment