Masdar provides cheapest cost for 1.8-GW area of Dubai solar project
- UAE-based renewables significant Masdar has made the lowest bid for the 1.8-GW sixth phase of the Mohammed bin Rashid Al Maktoum solar project in Dubai, offering USD 0.01621 (EUR 0.015) per kWh.
Utility business Dubai Electricity and Water Authority (DEWA) has obtained 2 bids for the 6th phase which is prepared to go on the internet in stages starting in the final quarter of 2024. The various other deal was submitted by Saudi Arabia's ACWA Power Co (TADAWUL:2082).
Both propositions were lodged after DEWA prequalified 7 international bidders who were welcomed to bid at the end of 2022.
Now, DEWA will examine the two deals as well as pick the favored bidder in the 3rd quarter of this year.
The growth of Dubai's flagship solar project is progressing with the overall capacity in operation standing at 2,327 MW as well as an additional 533 MW being currently incomplete. As soon as the 6th phase is functional, the solar park's capacity will reach 4.66 GW. By the end of this years, the mega project should be completed with 5 GW in operation.