UAE: Acwa wins 200MW solar park project

A consortium led by Saudi-based Acwa Power has won a tender for phase two of the Mohammed Bin Rashid Al Maktoum Solar Park, south-east of Dubai. Acwa Power will finance, build and operate a 200MW solar photovoltaic (PV) plant, with Spanish engineering and construction company TSK serving as the technology provider and minority partner. The 15 January announcement by the Dubai Electricity and Water Authority (Dewa) will see Acwa Power receive a 25-year power purchase agreement starting in 2017. Dewa will retain a 51% stake in the project with the rest going to the developer, split 85%/15% between Acwa and TSK.