27 Jun '16, 11am

Masdar and FRV win 800MW Dubai tender

First Solar has been involved in the two previous phases of the Solar Park. Source: First Solar. Masdar and FRV have won Duabi’s 800MW tender process after offering an initial bid below US$0.03/kWh. The consortium, which also includes Spanish firm GranSolar, will operate as an independent power provider (IPP). The Mohammed Bin Rashid Al Maktoum Solar Park has already commissioned a 13MW first phase and work on a second round of 200MW is underway. FRV was bought by Saudi-owned, Dubai-based company Abdul Latif Jameel Energy and Environmental Services in April 2015. The tender rules are likely to give the Dubai Electricity and Water Authority (DEWA) 51% ownership and the Masdar-led entity 49%, as per previous tender rounds. Five bids were thought to be competing for the final award with a JinkoSolar bid of US$0.0369/kWh, edging out an offer of US$0.0396/kWh by ACWA Power and ...

Full article: http://www.pv-tech.org/news/masdar-and-frv-win-800mw-duba...

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