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Bid for 800-MW solar project in Dubai falls below USD 30/MWh

Phase I of the Mohammed bin Rashid Al Maktoum solar project. Source: http://www.dewa.gov.ae. All Rights Reserved.

May 2 (SeeNews) - Dubai’s tender for the right to build the 800-MW phase III of the Mohammed bin Rashid Al Maktoum solar complex has attracted a bid of just USD 29.9 (EUR 26) per MWh.

The Dubai Electricity and Water Authority (DEWA) got five bids in total and is now evaluating their technical and commercial aspects. The winner is to be announced in June.

Daily The National said, without disclosing sources, that Abu Dhabi-based renewables developer Masdar and Spain’s Fotowatio Renewable Ventures (FRV) are among the bidders. It also mentioned the names of Chinese photovoltaics (PV) company JinkoSolar Holding (NYSE:JKS) and Saudi company ACWA Power. Further details are yet to be disclosed.

ACWA Power International and TSK won the tender for the 200-MW phase II of the solar complex in Dubai at the start of 2015. Their bid was below USD 60/MWh and, at that time, was considered one of the lowest for the industry.

The first phase of the Mohammed bin Rashid Al Maktoum project, with a capacity of 13 MW, was built by US company First Solar Inc.

(USD 1 = EUR 0.872)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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