ACWA Power win 100MW bid with an unprecedented 5.98 cents/kWh
Dubai Electricity and Water Authority (DEWA), Dubai’s state utility, has announced ACWA Power as the preferred bidder of their 100MW PV IPP tender, having received a total of ten bids. The results saw Saudi Arabia’s ACWA Power bid an unprecedented 5.98 cents/kWh.
The average of the ten bids was $9.35 cents/kWh. The highest bid, came from the Chinese developer Huaneng Power International, at $14.7 cents per kWh. Whilst First Solar, the developer of the initial 13MW pilot phase of the project, placed a bid of $8.65 cents/kWh.
DEWA is planning to build a total of 1,000MWat the Mohammed bin Rashid Al Maktoum Solar Park.
“The Mohammed bin Rashid Al Maktoum Solar Park will be one of the largest renewable energy projects in the region and demonstrates our commitment to achieve our vision to become a sustainable world-class utility,” said Saeed Mohammed Al Tayer, the Managing Director and Chief Executive at DEWA.
DEWA will be speaking and participating at MENASOL 2015 (13-14 May, Dubai) joining international developers such as Masdar, Gestamp Solar or Martifer Solar. For more information, please get in touch with Brandon Páramo at brandon@pv-insider.com