Sungrow signs PPA 900 MW Mohammed bin Rashid Al Maktoum V

Sungrow has partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, illustrating its efforts in supporting Dubai Clean Energy Strategy 2050 and lowering the MENA region's carbon footprint.

The 900 MW fifth phase of the park is expected to be online in Q2 2021 and will power 270,000 homes, offsetting 1.18 million tons of carbon emissions annually. Based on the Independent Power Producer (IPP) model, ACWA Power in partnership with Gulf Investment Corporation (GIC) won the bid with a tariff of US$1.6953 cents/kWh, establishing a new global benchmark for solar energy.

The low off-taking price requires a minimized LCOE, which poses tremendous challenges to inverter solutions. Sungrow's upgraded 1500V turnkey solution to be installed is an ideal match for this landmark project. The project is a vital part of the strategic agreement forged recently between Shanghai Electric and Sungrow.

ACWA Power, as the lead developer of the project, has utilized Sungrow inverters in its recent projects including a 500 MW Ibri II project in Oman.