02 May '16, 7am

MESIA, DEWA announce a global record broken in utility-scale solar PV tariffs: USD 0.299 per kWh of solar power

With the deadline for bid submission for developing 800 MW of solar photovoltaic (PV) generation capacity for the Dubai Electricity & Water Authority (DEWA), closed on Mai 1st , 2016 a statement from DEWA was released, suggesting that out of 5 bidders, the lowest price, via a local-regional JV consortium, had reached a rock bottom USD 0.0299 per kilowatt hour of solar power, the Middle East Solar Industry Association (MESIA) announced. The 800 MW are the mammoth DEWA Phase III project, as part of the Sheikh Mohammed Bin Rashid Solar Park, of which Phase I, a 13 MW thin film solar PV project is in operation by First Solar, and Phase II, another thin film solar PV project is currently under construction, developed by ACWA Power, using First Solar panels. Competitive financing and to a lesser extent lower O&M costs are expected to be a major driver behind the financial modeli...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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WOW! Third phase of Dubai's DEWA #solar project...

pv-magazine.com 02 May '16, 10am

Third phase of Dubai's DEWA solar project attracts record low bid of US 2.99 cents/kWh 02. May 2016 | Applications & Insta...

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pv-magazine.com 02 May '16, 12pm

Third phase of Dubai's DEWA solar project attracts record low bid of US 2.99 cents/kWh 02. May 2016 | Applications & Insta...

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Renewable Energy World (North America Edition)

#renewableenergy

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