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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--A consortium that includes ACWA Power (Riyadh, Saudi Arabia) and TSK (Madrid, Spain) has been selected by the Dubai Electricity and Water Authority (DEWA) as the preferred bidder to build Phase II of the Mohammed bin Rashid Al Maktoum Solar Park.
DEWA announced that the generating capacity of Phase II would be increased to 200 megawatts (MW) from the originally specified 100 MW. The photovoltaic plant will be based on the independent power producer (IPP) model and is scheduled to be operational by April 2017.
"Today, DEWA adds another solar facility to the solar park, which is one of the largest renewable energy projects in the region," said Saeed Mohammed Al Tayer, chief executive of DEWA. "With a planned total cost of $3.26 [billion] the park will produce 1,000 MW of electricity when completed in 2030."
DEWA received 49 qualification documents for Phase II. DEWA recently has been upgraded to an investment rating of Baa2 by Moody's Investor Service and BBB by Standard and Poor's Financial Services.
The project will cover 4.5 square kilometers and will enable the reduction of 250,000 tonnes of carbon emissions annually.
For related information, see October 29, 2014, article - ABB's $55 Million Substation Order to Integrate Dubai's Solar Park Output.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
DEWA announced that the generating capacity of Phase II would be increased to 200 megawatts (MW) from the originally specified 100 MW. The photovoltaic plant will be based on the independent power producer (IPP) model and is scheduled to be operational by April 2017.
"Today, DEWA adds another solar facility to the solar park, which is one of the largest renewable energy projects in the region," said Saeed Mohammed Al Tayer, chief executive of DEWA. "With a planned total cost of $3.26 [billion] the park will produce 1,000 MW of electricity when completed in 2030."
DEWA received 49 qualification documents for Phase II. DEWA recently has been upgraded to an investment rating of Baa2 by Moody's Investor Service and BBB by Standard and Poor's Financial Services.
The project will cover 4.5 square kilometers and will enable the reduction of 250,000 tonnes of carbon emissions annually.
For related information, see October 29, 2014, article - ABB's $55 Million Substation Order to Integrate Dubai's Solar Park Output.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
