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Next phase of DEWA solar begins – call for advisors

Next phase of DEWA solar begins – call for advisors

  • Middle East
  • United Kingdom
  • UAE
  • Energy and infrastructure - Clean energy

09-04-2015

The next phase for the DEWA solar programme is underway with the launch of a call for tenders for the provision of advisory services for its Phase III development of the Mohammed bin Rashid Al-Maktoum solar park in Dubai (the Al-Maktoum solar park).

Scheduled for completion in 2030, the Al-Maktoum solar park will boast 2.6GW of capacity (increased from the initial proposed capacity of 1GW) and is expected to account for approximately 15% of Dubai’s installed capacity.

DEWA has to date tendered the development of Al-Maktoum solar park in two phases, with First Solar being awarded development rights of 13MW in Phase I and a consortium led by ACWA Power and TSK being awarded development rights of 200MW in Phase II (increased from the proposed 100MW for Phase II).

Phase II, which was also the first IPP to close in Dubai, was noted for its record low tariffs, with the consortium’s winning bid consisting of USD 5.85 cents per kWh. The PPA was signed between the consortium and DEWA last week.

Phase III is to comprise the delivery of an additional 800MW of capacity to be delivered by way of photovoltaic technology.

As a stand-alone development, Phase III is currently likely to become the largest single phase solar project in the world.

It is understood that Phase III development rights will be tendered separately in Q3/Q4 of 2015.

 

Eversheds was awarded ‘Legal Advisor of the Year’ and Michelle T. Davies was named ‘Solar Woman of the Year’ at the 2014 Middle East Solar Awards

For more information contact

Michelle T Davies, Partner

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