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Record low bid for 2-GW solar project shines in Abu Dhabi

Noor Abu Dhabi, largest single solar plant in the world

April 28 (Renewables Now) - Emirates Water and Electricity Company PJSC (EWEC) has received a proposal with the “lowest tariff for solar power in the world” as part of the competitive process to build the 2-GW Al Dhafra photovoltaic (PV) plant in Abu Dhabi.

The media office of the Abu Dhabi government announced this in a series of tweets, saying that five bidding consortia had made technical and commercial bids to finance, construct, operate and maintain the solar park.

Local media unveil that the record-low price in question amounts to AED 0.0497 per kWh (USD 0.0135/EUR 0.0125). Othman Al Ali, CEO of EWEC, was quoted by Trade Arabia as saying that the solar park is planned to be completed in the second quarter of 2022.

EWEC, which is a unit of the Abu Dhabi Power Corporation, issued the tender for the project in July 2019. At the time, the company received 48 expressions of interest (EoIs) and then 24 firms were pre-qualified to bid.

Upon completion, the Al Dhafra solar complex will have the capacity to produce enough power to meet the annual demand of around 160,000 homes.

(AED 10 = USD 0.272/EUR 0.251)

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Browse all articles from Ivan Shumkov

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

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