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.
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July 29, 2020
PPA awarded for world´s largest solar plant in UAE
A consortium comprising Abu Dhabi National Energy Company (TAQA), Masdar, EDF and JinkoPower has signed a 30-year Power Purchase Agreement with the Emirates Water and Electricity Company (EWEC), for the 2 GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, which will be located approximately 35 kilometers from Abu Dhabi city.
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July 01, 2020
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June 25, 2020
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May 14, 2020
Construction of $4.4bn 700MW CSP plant in UAE is on track
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April 30, 2020
Lowest ever PV tariff signed for 900 MW solar project in Dubai
ACWA Power in partnership with Gulf Investment Corporation (GIC) have signed 25-year PPA agreement for the output of the fifth phase of the 900MW photovoltaic fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the world’s largest single site solar park. The winning tariff was USD 1.6953 cents/kWh - lowest ever PV tariff.
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