Dubai sets a record low bid for CSP at 9.45 c$/kWh

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The Dubai Electricity and Water Authority (DEWA) has announced the bid prices of the four consortia selected to develop the 200 MW Phase 4 of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park. The lowest bid submitted for this CSP project was 9.45 c$/kWh (8.47 c€/kWh, based on the exchange rate at the time of writing this article), representing a drop of almost 40% on the lowest global bid price to date. The other three bids submitted prices of between 10.58 c$/kWh and 17.35 c$/kWh (9.48 – 15.55 c€/kWh). Dubai’s record low PV price of 2.99 c$/kWh for the 800 MW Phase 2 of the MBR project demonstrated the potential for cost optimisation under the MBR Programme. As regards the 200 MW CSP tower project, Dubai targeted a cost of 8 c$/kWh

As the first commercial CSP solar tower project in the UAE, this 200 MW CSP tower project in Dubai has caught the attention of global CSP players. With a minimum of eight hours’ storage and expected to come online by 2021, the project forms part of Phase 4 of the MBR Solar Park, with a total installed capacity of 1 GW planned by 2020, and 5 GW by 2030 (including 1 GW of CSP). The project is in line with Dubai’s clean energy strategy to generate 75% of electricity from clean energies by 2050.

FuturENERGY
 

The tender for Phase 4 of the solar park corresponding to a CSP plant with tower technology, includes up to 12 hours of energy storage, meaning that the plant will be able to supply electricity throughout the night. It represents the first phase of a development that is expected to offer 1 GW of CSP power using tower technology. Read more..

Article published in: FuturENERGY June 2017