Construction on the largest solar power park at a single plot will begin later this month, the project developer and owner have announced.
Masdar Group and Dubai Electricity & Water Authority (DEWA) have announced plans to start construction of 800 megawatt project at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The project will form phase III of the solar power park which is set to have an eventual capacity of 5 gigawatts.
First Solar has already commissioned the first phase of 13 megawatts while ACWA Power is currently working on phase two of 200 megawatts. The fourth phase of the project shall have 1 gigawatts capacity.
A 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 consortium includes Fotowatio Renewable Ventures and Gransolar Group.
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.