Acwa, GIC consortium wins Dubai solar park deal

Acwa, GIC consortium wins Dubai solar park deal

A consortium led by Acwa Power and Gulf Investment Corporation has been named the preferred bidder to build and operate the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park by the Dubai Electricity and Water Authority (Dewa).

 

The park will generate solar power using photovoltaic (PV) solar panels based on the independent power producer (IPP) model, said a Wam news agency report.

 

Dewa has achieved a world record by receiving the lowest bid of $1.6953 cents per kilowatt hour (kW/h) for this phase. Dewa released the tender for the 5th phase in February 2019, and received 60 requests for qualifications, said Saeed Mohammed Al Tayer, managing director and CEO of Dewa.

 

"We are striving to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform Dubai into a global hub for clean energy and green economy. We also support the Dubai Clean Energy Strategy 2050 to provide 75 percent of Dubai's total power output from clean energy by 2050 and make Dubai the city with the lowest carbon footprint in the world. To achieve this, Dewa launched several leading renewable projects, including the