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Dubai ruler inaugurates 200 MW solar power project
20 March 2017
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Monday inaugurated the 200 MW second phase of the Mohammed bin Rashid Al Maktoum Solar Park.
The 1.5 billion dirhams ($410 million) solar power project generates enough to power 50,000 households and reduces Dubai's carbon emission by over 200,000 tones, said a statement posted on Government of Dubai Media Office website.
In November 2016, Dubai Electricity and Water Authority (DEWA) had announced that the project achieved Clean Development Mechanism (CDM) registration under UNFCCC with an initial crediting period of seven years
The second phase was awarded by DEWA in January 2015 to a consortium led by Saudi Arabia's ACWA Power and Spain's TSK. The project, based on the Independent Power Producer (IPP) model, had set a global milestone for utility-scale solar power generation with a tariff of 5.84 USD cents/kWh, and was originally scheduled to start operations in April 2017.
Last June, DEWA appointed a Masdar-led consortium for the 800 MW third phase scheduled to be operational by 2020. The consortium bid a record low tariff of $2.99 USD cents/kWh for the project.
The Mohammed bin Rashid Al Maktoum Solar Park is operated and managed by DEWA and will be the largest single-site solar park in the world. It will produce 1,000 MW by 2020 and 5,000 MW by 2030.
© Zawya Projects News 2017