02 Dec '14, 3pm

Dubai Drives Cost of Solar Down to Record Low

Earlier this year DEWA opened a tender for a 100 MW solar plant as part of its second phase of the Mohammed bin Rashid Al Maktoum solar park. The 40-square-kilometer park south of Dubai is already home to a 13 MW solar park , built in 2013. The goal of achieving a 1,000 MW installation by 2017 eclipses these recent installations. To make a 1,000 MW plant a reality, DEWA called on solar developers to submit bids for a fixed tariff, over 25 years, under a build-own-operate model. The long awaited commitment to solar energy by the state utility company has been welcomed by solar industry players, who felt that the local market was missing out on solar energy. This has likely to have been caused by delays in Saudi’s mega solar plans . Many global companies have attempted to lower the price of solar with solar innovation , but it seems scale, as with anything, is key to cutting...

Full article: http://inhabitat.com/dubai-drives-cost-of-solar-down-to-r...

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