Canadian Solar unveils 268-MW order in Dubai

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

May 30 (Renewables Now) - Canadian Solar Inc (NASDAQ:CSIQ) announced today it has been chosen as the sole module supplier for a portion of the 800-MW third phase of the Mohammed bin Rashid Al Maktoum solar project in Dubai.

Under the terms of the deal, Canadian Solar will supply 268 MW of double-glass Dymond modules. It said that production and delivery of the panels was initiated earlier this month.

“As Dubai diversifies its energy portfolio, our partnership will serve as an excellent example for future utility-scale solar projects in the region, and we are eager to contribute further to the energy market growth in the Middle East," said Shawn Qu, chairman and CEO of Canadian Solar.

The joint venture consortium responsible for the engineering, procurement and construction (EPC) work includes GranSolar, Spain-based Acciona (BME:ANA) and Ghella of Italy. They got the EPC contract from Abu Dhabi’s renewable energy company Masdar, which is developing the project.

The 800-MW plant will be installed in three phases. It is part of a larger solar complex that will feature both photovoltaic (PV) and concentrated solar power (CSP) technologies. The entire complex will have a capacity of about 5,000 MW and is expected to be fully completed in 2030. The 800-MW Phase III should be finalised in 2020.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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