DEWA selects Masdar as preferred bidder for 1,800MW Solar PV IPP Project

DEWA selects Masdar as preferred bidder for 1,800MW Solar PV IPP Project

HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has announced that the Abu Dhabi Future Energy Company (Masdar) is the preferred bidder to build and operate the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park for using photovoltaic (PV) solar panels based on the Independent Power Producer (IPP) model.

DEWA has achieved, through this phase VI, the lowest Levelized Cost of Energy (LCOE) of 1.6215 cents per kilowatt hour (kWh) for any of DEWA’s Solar IPP Projects so far.

According to the statement, “DEWA has received 23 expressions of interest from international applicants to develop this project. Subsequently, the Request for Qualification (RFQ) was released to market on 15th November 2022.”

Saeed Mohammed Al Tayer

MD & CEO – 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, and Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai’s total power capacity from clean energy sources by 2050. To