Preferred bidder selected for 1.8 GW Solar PV project in UAE

Dubai Electricity and Water Authority PJSC (DEWA) has announced that it has selected Masdar, as the preferred bidder to build and operate the 1,800 MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The project is expected to cost up to AED5.51 billion (US$1.5 billion).

The 6th phase of the solar park, which will use photovoltaic solar panels based on the Independent Power Producer (IPP) model, will have the lowest Levelised Cost Of Energy (LCOE) of US$1.6215 cents per kWh for any of DEWA's Solar IPP Projects so far. The project received 23 expressions of interest from international applicants, and the Request for Qualification (RFQ) was released to market on November 15, 2022.

the solar park will reduce over 6.5 million tonnes of carbon emissions annually and will become operational in stages starting from Q4 of 2024.