World's cheapest bid of $0.0135/ kWh wins in Abu Dhabi's 2 GW solar tender

Jul 27, 2020 08:58 PM ET
  • Emirates Water and also Electricity Co. awarded the 2 GW project to a consortium that consists of Abu Dhabi National Energy Co., Masdar, French energy team EDF, as well as China's JinkoPower.
World's cheapest bid of $0.0135/ kWh wins in Abu Dhabi's 2 GW solar tender
Image: MannyVonKannen, pixabay

Emirates Water as well as Electricity Co. (EWEC) tweeted on Sunday that it has awarded the Al Dhafra solar project to a consortium led by Abu Dhabi National Energy Co. (TAQA) and also Abu Dhabi-based solar developer Masdar, with companions EDF and also JinkoPower.

The consortium submitted a record quote of AED0.0497 ($0.013533)/ kWh in a July tender. EWEC said the project has 2 GW of capability and will certainly be built around 35 kilometers from Abu Dhabi. "Once totally operational, the plant will raise Abu Dhabi's solar energy capability to approximately 3.2 GW," claimed TAQA CEO Jasim Husain Thabet.

The center will be 60%-possessed by TAQA and also Masdar, while EDF as well as JinkoPower will certainly hold the staying 40%. EWEC claimed it aims to reach monetary close on the project in the 3rd quarter, with partial generation readied to begin in the initial fifty percent of 2022. The array will certainly be completely operational by the second fifty percent of 2022.

The $0.0135/ kWh proposal is around $0.002 less than the previous record of QAR0.0571 ($0.0156)/ kWh, offered by Total and also Marubeni in Qatar's 800 MW tender in late January.

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