27 Jun '16, 8am

Masdar group wins 800MW Dubai tender as PV power price fall goes on

Masdar group wins 800MW Dubai tender as PV power price fall goes on

Masdar will be joined by Spain’s Fotowatio Renewable Ventures (FRV) and Gransolar in developing the third phase of the Mohammed bin Rashid Al Maktoum Solar Park following a tender held earlier this year. That auction saw a clutch of final shortlisted bids as low as $29.90/MWh, according to a statement released in May by Dubai utility DEWA, without saying where that bid came from. DEWA did not reveal the winning bid price in today’s statement announcing the signing of a memorandum of understanding (MoU) with the Masdar-led group. But anything around that level would represent another big dip in the ever-lowering benchmark for global PV power prices, which had already been driven well below $50/MWh by auctions held in Latin America in the last six months. Plunging bids in South America, the Middle East and India have raised fears over the viability of projects. But Masdar sa...

Full article: http://www.rechargenews.com/solar/1436885/masdar-group-wi...

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