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Category Archives: UAE
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.
HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, announced the project. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai was also present.
Typically, the leveled cost of energy for solar PV is between $0.085 – $0.11 / kWh for GCC countries given solar irradiance, use of high efficiency panels, and cost competitive engineering. The low end of this range is best suited for vertically integrated OEMs with EPC services, or IPPs with scale in equipment purchasing who buy modules close to the cost of goods sold. But IPPs with low construction costs are making their mark.
This week, PV Insider, CSP Today and MENASOL hosted a seminar on Optimal O&M for PV Plants in MENA. It gave practical insight into some of the soiling and O&M issues that developers, asset managers, and debt providers take into account in O&M planning and budgeting.