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Dubai utility Dewa has signed a power purchase agreement with Abu Dhabi state renewables firm Masdar for an 800MW solar PV plant that will comprise the third phase of a 5GW solar park under development 50km south of Dubai city at Seih al-Dalal.
Masdar and Spanish partners Fotowatio and Gransolar won the bid with a record low levelized power cost for solar PV project: US¢2.99/kWh. The plant will be developed for 2020 start-up as an independent power producer (IPP) scheme (MEES, 1 July).
The winning price was only 51% of the previous record for solar PV. This was for a levelized cost of electricity generation of US¢5.85 cents/kWh and was submitted by Saudi Arabia’s Acwa Power and Spain’s TSK to win the 200MW second phase of Dubai’s solar park. (CONTINUED - 294 WORDS)