The Dubai Electricity and Water Authority (DEWA) over the weekend awarded the 700-MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, located south of Dubai, United Arab Emirates.
The concentrated solar power (CSP) project was awarded to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric, DEWA said, adding that the consortium bid the lowest levelized cost of electricity at US$0.073/kWh.
“Our focus on renewable energy generation has led to a drop in prices worldwide and has lowered the price of solar power bids in Europe and the Middle East. This was evident today when we received the lowest CSP project cost in the world,” HE Saeed Mohammed Al Tayer, CEO of DEWA, said in a statement.
According to DEWA, the project will have the world’s tallest solar tower, measuring 260 meters, and will be commissioned in stages, starting in 2020.
The Mohammed bin Rashid Al Maktoum Solar Park will generate 1,000 MW by 2020 and 5,000 MW by 2030. The 13-MW solar PV first phase became operational in 2013, and the 200-MW solar PV second phase was launched earlier this year. The 800-MW solar PV third phase will be operational by 2020.
Lead image credit: Green Prophet | Flickr
This article was updated on Sept. 20, 2017, at 8:00am ET to correct the lowest LCOE.