Saudi-led group submits lowest bid for Dubai solar park

A consortium led by Saudi Arabia’s Abdul Latif Jameel, Spain’s Fotowatio Renewable Ventures (FRV) and the UAE’s Masdar submitted the lowest bid of 3 US cents per kilowatt hour for the 800MW third phase of Dubai’s Mohammed bin Rashid al-Maktoum solar park.

Dubai Electricity and Water Authority (DEWA) said in statement on Sunday that it had received five bids from international organizations for the third phase, with the lowest recorded bid of US 2.99 cents per kilowatt hour.

According to MEED, the second lowest bid came from China’s Jinko Solar Holding at 3.65 US cents per kilowatt hour.

A consortium of Saudi Arabia’s ACWA Power and the US-based First Solar submitted the third lowest tariff of 3.95 US cents.

The UK/French Engie and Japanese Marubeni consortium submitted the fourth ranked tariff of US 4.38 cents; and France’s EDF Renovables and Qatar’s Nebras put in the final bid of US 4.48 cents per kilowatt hour.

The third phase of the solar power project will further be developed over three stages and bidders were invited to submit proposals for part or all of the 800MW capacity.

The first stage, Phase A, will have a capacity of 200MW, and is planned to be commissioned by April 2018, MEED reported.

The second stage, Phase B, with a capacity of 300MW will be commissioned by April 2019 and the third stage, Phase C, is expected to be commissioned by April 2020. It will have a capacity of 300MW.