UAE: Masdar wins Dubai’s 800MW solar PV contract with record low pricing
Issue 1018
- 01 Jul 2016
| 1 minute read
Abu Dhabi-based renewable energy developer Masdar has been selected to lead the consortium that will develop phase three of Dubai Electricity and Water Authority (Dewa)’s Sheikh Mohammed Bin Rashid Al-Maktoum solar project. Dewa in May said it had received a low bid of $0.0299/kWh – a global record low price for a solar photovoltaic (PV) scheme. Masdar has announced that it will develop the project, structured on an independent power producer (IPP) model, at a world record low tariff, in consortium with GranSolar (Spain) and Fotowatio Renewable Ventures (also Spain, owned by Saudi Arabia’s Abdul Latif Jameel).
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