June 24 (Renewables Now) - Dubai Electricity and Water Authority (DEWA) has launched a tender for the next 900-MW phase of the Mohammed bin Rashid Al Maktoum solar project.
The capacity will be installed as the fifth phase of the 5-GW complex in Dubai and will be commissioned in stages starting from the second quarter of 2021, DEWA announced. The public service infrastructure company will await proposals until August 22, 2019. It has received letters of intent from 64 companies in the previous stages of the competitive selection, according to the statement.
The winner in the tender will own 40% of the company operating the 900-MW project, while DEWA will hold 60% and will be the power off-taker under a 25-year power purchase agreement (PPA).
By 2020, the commissioned capacity at the AED-50-billion (USD 13.6bn/EUR 11.9bn) Mohammed bin Rashid Al Maktoum project will exceed 1 GW, while its overall capacity will reach 5 GW by 2030. The complex will use both solar PV and concentrated solar power (CSP) technologies. Its first phase, of 13 MW, was switched on in 2013 and the 200-MW Phase II was brought online in March 2017.
(AED 1.0 = USD 0.272/EUR 0.239)