29 Nov '16, 3pm

PPA under three cents per kWh signed for 800MW Dubai project

PPA under three cents per kWh signed for 800MW Dubai project

HE Dr Sultan Ahmed Al Jaber, UAE Minister of State and Chairman of Masdar (left) and HE Saeed Mohammed Al Tayer, MD & CEO of DEWA. What is thought to be the world’s lowest priced solar PPA has been signed for an 800MW project in Dubai. The emirate’s utility DEWA signed the contract with Abu Dhabi-based renewable energy company Masdar. The price appears higher on paper than the winning bid in Abu Dhabi’s own 350MW tender. A consortium including JinkoSolar was revealed to have won with an offer of US$0.0242/kWh. That offer includes an increased payment during the summer months. “There's a bit of a misconception with the Abu Dhabi tender,” James Kurz, senior consultant at Apricum told PV Tech. “What came out in the press is this 2.4 cents/kWh figure and everyone is saying this is an all-time record. But this is not an adjusted levelised cost of energy. Unadjusted, it was arou...

Full article: http://www.pv-tech.org/news/ppa-under-three-cents-per-kwh...

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