Acwa Power consortium to build 900MW MBR Solar Park Phase 5
Dewa: Consortium led by Acwa Power and Gulf Investment Corporation to build 900MW MBR Solar Park Phase 5
Dubai Electricity and Water Authority’s (Dewa) managing director and chief executive officer, HE Saeed Mohammed Al Tayer, has announced that the consortium led by Acwa Power and Gulf Investment Corporation is the preferred bidder to build and operate the 900MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.
Construction Week reported in October 2019 that Dewa had secured the lowest bid worth $1.6953 (AED6.23) per kW/h for the 900MW Phase 5 of the $13.6bn (AED50bn) Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park) — the world’s largest single-site solar park based on the independent power producer (IPP) model.
According to the Dubai Media Office, Dewa released the tender for the fifth phase in February 2019, and received 60 Requests for Qualifications (RFQ).
Al Tayer said: “The 900MW 5th phase of the solar park using PV solar panels based on the IPP model will become operational in stages starting Q2 of 2021. The project documents, Power Purchase Agreement (PPA), and financial close agreements will be signed in due course.”
He added: “Dewa launched several leading renewable projects, including the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. Using the Independent Power Producer (IPP) model, it will have a capacity of 5,000MW by 2030 with investments totalling $13.6bn (AED50bn).”
The current total production capacity of solar projects at the solar park is 713MW.
Dewa is building three other projects with a total capacity of 1,250MW. The 900MW 5th phase of the solar park will increase the production capacity to 2,863MW.