Dubai Electricity and Water Authority (DEWA) announced last week it will expand its 700-MW concentrated solar power (CSP) project in Dubai with an additional 250-MW solar photovoltaic (PV) component.
The project represents the fourth phase of the 5-GW Mohammed Bin Rashid Al Maktoum Solar Park that combines CSP and PV technologies. DEWA said in a press release on Friday it has signed an amendment to the power purchase agreement (PPA) with the tie-up led by ACWA Power, which in September 2017 won the tender to build the 700-MW CSP park with a bid of USD 0.073 (EUR 0.064) per kWh.
Power from the 250-MW solar plant will be supplied at just USD 0.024 per kWh, which DEWA says is the lowest in the world.
In addition to the newly-added 250 MW of solar power capacity, phase IV of the Mohammed bin Rashid Al Maktoum complex will consist of a 100-MW central tower CSP technology and three 200-MW facilities of parabolic trough CSP technology, and will also have molten salt energy storage. The total capacity of the complex will reach 950 MW, calling for an investment of AED 16 billion (USD 4.36bn/EUR 3.82bn). The consortium behind the scheme includes DEWA, ACWA and China’s Silk Road Fund.
The development of the Mohammed bin Rashid Al Maktoum project will involve a total investment of AED 50 billion. The first phase, of 13 MW, was switched on in 2013. Phase II, with capacity of 200 MW, was brought online in March 2017, while the 800-MW phase III will be commissioned by 2020.
(USD 1.0 = EUR 0.878)
(AED 1.0 = USD 0.272/EUR 0.239)