Masdar is leading bidder for mega solar project ...United Arab Emirates

The Dubai Electricity and Water Authority (DEWA) has announced that Abu Dhabi energy group Masdar has emerged as the preferred bidder for the construction and operation of the 1,800MW 6th phase of the Al Maktoum Solar Park project. The major project is being developed on an ‘independent power producer’ (IPP) model, at a total cost of US $1.5bn. DEWA has achieved, through this phase, the lowest Levelised Cost Of Energy for any of its solar IPP projects so far, coming in at a remarkably low rate of $1.6215 cents per kilowatt hour (kWh). The Dubai utility has received 23 expressions of interest from international applicants to develop this project. The Request for Qualification (RFQ) was releas

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