Masdar wins the title of lowest bidder for the largest solar park in the world
Dubai Electricity and Water Authority announced that Abu Dhabi Future Energy Company,
Masdar, has won the lowest bid to develop phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park.
In addition to Masdar’s offer of 1.62154 cents per kWh,
DEWA also received a bid from ACWA Power, the leading Saudi utility project developer.
The Authority initiated the Phase 6 procurement process by issuing an Expression of Interest in September of the previous year.
Then in November, I sent out a Request for Qualification (RFQ) to 23 interested bidders.
After a rigorous qualification process, the Authority qualified seven international bidders,
for whom RFPs were issued in December.
In the end, this led to the selection of two bidders.
Commenting on the lowest offer, Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said:
DEWA broke its own record and achieved the lowest price
(flat cost) for solar photovoltaic projects based on the IPP model in the Mohammed bin Rashid Al Maktoum Solar Park.
This supports the prudent leadership’s priority towards clean and renewable energy projects,
which has contributed to reducing their global costs.”
The current total production capacity of the solar power plants in the MBR Solar Park is 2,327 MW.
In addition, there are 533 MW facilities under construction at the solar park.
Mohammed bin Rashid Al Maktoum Solar Park
The Mohammed bin Rashid Al Maktoum Solar Park is famous for being the largest single-site solar park in the world, with a capacity of 1,800 MW.
The sixth phase of the solar complex will be operated in stages starting from the fourth quarter of next year.
Once fully completed, the production capacity of this phase will reach 4,660 megawatts.
His Excellency Al Tayer said that the projects in the Mohammed bin Rashid Solar Park
are of great interest to international developers and confirm the confidence of investors in the major projects supported by the Dubai government.
Al Tayer added: “DEWA has attracted huge investments to the UAE from the private sector and foreign banks.
Which led to an increase in cash flow to the economy of Dubai and the United Arab Emirates.
HE Al Tayer indicated that the Authority aims to achieve its goal of providing 100% of Dubai’s total production capacity from clean energy sources by 2050 through these projects.
He added that when completed, the solar complex will reduce more than 6.5 million tons of carbon emissions annually.
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