Dubai Electricity and Water Authority (DEWA) has achieved another world record. This week, DEWA awarded a 700MW project priced at AED14.2 billion (US$3,86 billion). The project is the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The award is the largest single-site Concentrated Solar Power (CSP) project in the world. It is also the largest CSP project based on the IPP model. The contract is awarded to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric.
Record Low CSP Price
DEWA has said that the consortium bid was the lowest levelized cost of electricity received at US$0.073/kWh.
A commitment to Solar
“Our focus on renewable energy generation has led to a drop in tender prices worldwide. We have helped to lower the price of solar power bids in Europe and the Middle East and this project will do the same. This was evident today when we received the lowest CSP project cost in the world,” HE Saeed Mohammed Al Tayer, CEO of DEWA, said in a statement.
“Awarding this strategic project supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai. His vision is to promote sustainability and make Dubai a global center for clean energy…. The Dubai Clean Energy Strategy … seeks to increase the share of clean energy in Dubai’s total power output to 7% by 2020, 25% by 2030, and 75% by 2050.
According to DEWA, the project will have the world’s tallest solar tower, measuring 260 meters. Project commissioning will begin in 2020.
The Mohammed bin Rashid Al Maktoum Solar Park will generate 1,000 MW by 2020 and 5,000 MW by 2030. The 13-MW solar PV first phase was operational in 2013. The 200-MW solar PV second phase was launched in early 2017. The 800-MW solar PV third phase will be operational by 2020.