BE2C2 Report — French utility company EDF Group has joined Masdar-led consortium developing the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai — the largest single-site solar park in the world, with a planned capacity of 5,000MW by 2030, and a total investment of US$14 billion.
The agreement formalizing EDF’s foray into the consortium through its subsidiary EDF Energies Nouvelles was signed on Wednesday by Jean-Bernard Levy, Chairman and CEO of EDF Group, and Mohamed Jameel Al Ramahi, CEO of Masdar, Abu Dhabi Future Energy Company in Dubai.
The engineering, procurement and construction (EPC) contract for the Independent Power Producer (IPP)-based project has been awarded to an international consortium led by renewable energy contractor GranSolar of Spain, alongside Acciona from Spain and Ghella of Italy.
The MBR solar park is spread over 16 square-kilometer and will be delivered in three stages.
The 200 MW “Phase A” is currently under construction, and is due for completion by April next year. The 300 MW “Phase B” is expected to come on stream in April 2019, while the final 300 MW tranche, “Phase C”, is scheduled for April 2020.
The solar park will displace as much as 6.5 million tons of carbon dioxide annually upon completion.
The IPP project was awarded last year at a price of 2.99 US cents per kilowatt-hour, a then record-low tariff for solar power generation worldwide.
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) said in a statement, “We are happy to see more international companies such as EDF joining the Masdar-led consortium for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar park, which will be constructed based on the IPP model to achieve sustainable development.”
Masdar is Abu Dhabi’s renewable energy company which is working to achieve the Dubai Clean Energy Strategy 2050 to provide 7% of Dubai’s total power output from clean energy sources by 2020, 25% by 2030, and 75% by 2050.
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