ADWEA launches RFQ for 350 MW solar project
Abu Dhabi Water & Electricity Company, a subsidiary of Abu Dhabi Water & Electricity Authority (ADWEA), has released the highly anticipated Request for Qualification (RFQ) document, to a select solar energy development companies, for the upcoming 350 MW solar photovoltaic (PV) park to be set up in the township of Sweihan, Abu Dhabi.
As per the Independent Power Producer (IPP) plan, ADWEC is to own 60 per cent of the PV project with the developer holding the remaining stake, the Middle East Solar Industry Association (MESIA) announced. This would be the first such solar project carried out by ADWEA.
A team of consultants formed by US firm Akin Gump Strauss Hauer & Feld (legal advisor), Alderbrook Finance (financial consultant) and Fichtner Consulting Engineering (technical advisor) is advising ADWEC for the project.
About 90 international and local firms have already expressed their interest in participating in the scheme.
The facility, which would produce enough electricity to power more than 50,000 homes, would be structured as an independent power project with a power purchase agreement. According to the tender announcement, ADWEA will “pay only for the net electrical energy supplied by the plant.”
Abu Dhabi is committed to producing 7 per cent of its total power from renewable energy sources by 2020, and the Sweihan project will be the first under the initiative.
Country news
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March 09, 2016
ADWEA selects advisors for 350 MW solar project in Abu Dhabi
The Abu Dhabi Water and Electricity Authority (ADWEA) has selected the financial, legal and technical consultants for its 350-MW solar project in Sweihan, about 120 kilometres east of Abu Dhabi. Read more -
February 09, 2016
Abengoa sells its shares of solar thermal power plant Shams-1
Abengoa has sold to Masdar its share of Shams-1, the 100 MW solar thermal power plant developed by the Company in Abu Dhabi (United Arab Emirates). Read more -
February 02, 2016
Dubai seeks consultants for US$27B Dubai Green Fund
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February 01, 2016
Abu Dhabi to select consultants for 350 MW solar plant
The Abu Dhabi Water and Electricity Authority (ADWEA) expects to appoint consultants for a planned 350-MW solar project in Abu Dhabi by the end of this month and hold the first coordination meeting in February. Read more -
January 28, 2016
Silk Road Fund to invest in Middle East projects
China's Silk Road Fund and ACWA Power have recently signed a Memorandum of Understanding (MoU) in Riyadh to jointly develop and invest in power projects in the United Arab Emirates, Egypt, and the region. Read more
