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Dubai Solar Power Park

800 Megawatts Solar Project In Dubai Achieves Financial Closure

written by saurabh

The third phase of Mohammed bin Rashid Al Maktoum Solar Park in Dubai has achieved financial closure marking a major milestone for one of the largest solar power projects and solar power parks in the world.

Construction at the 800 megawatt project being developed by the Masdar Group and EDF Energies Nouvelles began in January 2017 and is expected to be operational in 2020. Debt funding for the project came from seven different financial institutions, including the Islamic Development Bank and the Arab Petroleum Investments Corporation, Korea Development Bank and Export Development Canada.

The presence of these funding institutions points towards very low interest rate. A low interest rate is exactly what the project developers require as it is also among the cheapest solar power projects in the world.

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.

Recently, Canadian Solar shipped 268 megawatts of solar modules for the project. The Mohammed bin Rashid Al Maktoum Solar Park has an operational capacity of 213 megawatts from the first two phases commissioned by First Solar and ACWA Power.

The solar power park will be the mainstay of Dubai’s clean energy policy.

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.

06/18/2017 0 comment

Renewable Energy

Canadian Solar Ships 268 Megawatts Solar Panels For Dubai Solar Park Phase III

written by saurabh

A Masdar-led consortium has selected Canadian Solar to supply modules for the phase III of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.

Canadian Solar recently announced that it will ship 268 megawatts of solar PV modules for the 800 megawatt phase III of Dubai solar power park being developed by Masdar-EDF consortium for the Dubai Electricity and Water Authority (DEWA). The company will supply more than 800,000 modules for the project which is expected to be commissioned in 2020.

In January this year Masdar announced that construction at the project has started. The solar park current has an operational capacity of 213 megawatts – 13 megawatts from phase I and 200 megawatts from phase II developed by ACWA Power.

The phase III project remains one of the cheapest solar power projects in the world.

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.

The Mohammed bin Rashid Al Maktoum Solar Park will have an eventual installed capacity of 5 gigawatts with the next phase of 1 gigawatt capacity.

05/31/2017 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.

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.

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.

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 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

Renewable Energy

Construction Set To Begin On The World’s Largest Solar Power Project In Dubai

written by saurabh

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.

01/22/2017 0 comment

Renewable Energy

PPA Signed For 800 MW Dubai Solar Power Project At US¢2.99/kWh

written by saurabh

The iconic third phase of the Mohammed bin Rashid Al Maktoum Solar Park moved another step closer to being a reality after a power purchase agreement was signed for the project.

Dubai Electricity and Water Authority (DEWA) recently signed a power purchase agreement for the 800 MW project with Abu Dhabi-based Masdar Group.

In June, 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 800 MW phase III of the Mohammed bin Rashid Al Maktoum Solar Park will be commissioned by 2020 and will add to the existing 13 MW and the under-development 200 MW of capacity. 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.

A fourth phase of the solar power park was announced by DEWA recently, which will have an installed capacity of 1 GW.

Initially, the Authority received as many as 95 expressions of interest. Many prospective bidders are believed to have formed joint ventures for the subsequent rounds of bidding, with around 20 left in the fray at the end of last year. These included biggies like SunEdison, ACWA Power, JinkoSolar–RWE, REC Solar, and Engie.

11/30/2016 1 comment

Renewable Energy

First Solar To Complete 200 MW Dubai Solar Power Project By 2017

written by saurabh

The second phase of the iconic Mohammed bin Rashid Al Maktoum solar power park will be complete next year, First Solar recently reported.

US-based solar modules manufacturer and developer First Solar announced that it will commission the 200 MW solar power capacity at the Dubai solar power park next year. The company is working under contract from Saudi Arabia-based ACWA Power which secured the right to develop the project through a competitive auction.

First Solar will reportedly provide 2.36 million modules that will be installed over an area of 450 hectares.

First Solar had also worked on the first phase of the solar power park which has an installed capacity of 13 MW. Auction for 100 MW second phase of the solar power park was won by a consortium of ACWA Power and TSK at record tariff bid of US¢5.84/kWh. The Dubai Electricity and Water Authority then offered another 100 MW capacity to the consortium.

The initial installed capacity target for Mohammed bin Rashid Al Maktoum Solar Park was set at 1 GW by 2019. However, last year, DEWA announced that it would boost the park’s capacity to 3 GW by 2030, with a total estimated investment of $3 billion.

The solar power park is central to DEWA’s target to source 7% of Dubai’s total power output from renewable energy sources by 2020, and 15% by 2030.

10/23/2016 0 comment

Renewable Energy

Dubai Confirms Masdar-led Consortium As Winner Of 800 MW Solar Power Tender

written by saurabh

Dubai Electricity and Water Authority gave official confirmation about the winners of the 800 MW phase III of the Dubai solar power park.

A Masdar Group-led consortium was confirmed as the winner of 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 800 MW phase III of the Mohammed bin Rashid Al Maktoum Solar Park will be commissioned by 2020 and will add to the existing 13 MW and under-development 200 MW capacity. The phase III tender set another record for lowest-ever solar PV tariff globally. The Masdar-led consortium beat the phase II winning bid of US¢5.84/kWh with a bid of US¢2.99/kWh.

A fourth phase of the solar power park was announced by DEWA recently which will have an installed capacity of 1 GW.

The solar power park is central to DEWA’s target to source 7% of Dubai’s total power output from renewable energy sources by 2020, and 15% by 2030.

06/29/2016 0 comment

Articles Renewable Energy

Dubai To Set Up 1 GW Concentrated Solar Power Project

written by saurabh

After the record-breaking success in received in the auctions of 500 MW solar PV power capacity, Dubai is now planning to set up concentrated solar power (CSP) project.

Dubai Electricity and Water Authority (DEWA) has announced plans to set up 1 GW CSP capacity at the Mohammed bin Rashid Al Maktoum solar park. The project could very well be the largest CSP project in the world.

DEWA plans to have 1 GW CSP capacity operational by 2030 and will soon launch tender to allocate 200 MW capacity. The expansion of Mohammed bin Rashid Al Maktoum solar park is part of DEWA’s strategy to meet its renewable energy target.

Dubai plans to source 7% of its electricity demand from clean energy sources by 2020. This share is slated to be increased to 25% by 2030 and 75% by 2050.

Dubai plans to have an installed capacity of 5 GW at Mohammed bin Rashid Al Maktoum solar park by 2030. At least 3 GW of this capacity will be based on solar PV technology.

The first phase of the solar power park, 13 MW, is already operational. The second phase of 200 MW capacity is being developed by ACWA Power and TSK and is expected to be operational by April 2017. The third phase of 800 MW capacity was recently auctioned to a consortium of Abdul Latif Jameel (Saudi Arabia) + Fotowatio Renewable Ventures (Spain) + Masdar (UAE) for the low solar price bid of 2.99¢/kWh.

06/05/2016 0 comment

Articles Renewable Energy

GE Wins 220 MW Inverter Supply Order For Dubai Solar Park

written by saurabh

Even as the Dubai solar power park secured yet another record-breaking tariff bid for the third phase construction of the Mohammed bin Rashid Al Maktoum solar park, the second phase is in full swing.

GE has secured an order to supply inverters worth 220 MW for the second phase of the solar power park. The company shall supply its LV5 series of inverters to the project.

The order was placed by the EPC constructor for the 200 MW phase 2 project – TSK Group. The company was part of the consortium headed by ACWA Power that had quoted the lowest tariff bid for the phase 2 auction – US¢5.84/kWh.

GE inverters were chosen as they are liquid cooled and ‘rated for outdoor use in the harshest conditions imaginable’.

Last year, ABB had secured $20 million contract for supply and installation of sub-stations required for the evacuation of electricity.

Once the installed capacity at the Mohammed bin Rashid Al Maktoum solar park reaches 200 MW it would be able to meet power demand of about 30,000 homes and offset greenhouse gas emissions equivalent to about 250,000 tonnes of carbon dioxide every year.

Dubai Electricity and Water Authority (DEWA) plans to invest billions of dollars into the expansion of the Mohammed bin Rashid Al Maktoum solar park. The authority has upgraded plans for the installed capacity of the solar park. From an initial target of 1 GW by 2019, DEWA now plans to have 3 GW installed capacity at the park by 2030.

The solar power park is central to DEWA’s target to source 7% of Dubai’s total power output from renewable energy sources by 2020 and 15% by 2030.

05/07/2016 0 comment