The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatarâ€™s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.
April 29, 2020
ADPower corporation announces lowest tariff for solar power in the world. Subsidiary EWEC announced via weblink five bidding consortiaâ€™s technical and commercial bids to finance, construct, operate and maintain the Al Dhafra Solar PV project inÂ #AbuDhabi.Â pic.twitter.com/DWnEIKOx59
â€” Ù…ÙƒØªØ¨ Ø£Ø¨ÙˆØ¸Ø¨ÙŠ Ø§Ù„Ø¥Ø¹Ù„Ø§Ù…ÙŠ (@admediaoffice)Â April 28, 2020
With that tweet, the media office of the UAE government announced the worldâ€™s lowest price for solar electricity was today agreed in the 1.5 GW solar tender theÂ Emirates Water and Electricity CompanyÂ (EWEC) launched in July.
The bidder was a consortium formed byÂ French energy group EDFÂ and Chinese solar company JinkoPower. Industry sources have toldÂ pv magazine the consortium offered $0.013533 for the power generated at Al Dhafra.
Emirati newspaperÂ The National, meanwhile, reported the other offers were submitted by four consortia: One formed by Saudi energy giantÂ ACWAÂ Power â€“ and including Chinese utility Shanghai Electric according to an earlier report by the Energy and Utilities website; another comprised of French oil giantÂ TotalÂ and Japanese trading company Marubeni; another including French group Engie and International Power; and a fourth including Japanâ€™s Softbank and Italian oil and gas provider Eni. The Energy and Utilities website had reported the Engie bid was lodged alongside Al Fanar, rather than International Power.
The selected consortium will own up to 40% of a special purpose vehicle created for the project, with the remaining stake owned by the Abu Dhabi Power Corporation and other, undisclosed government entities.
Bahrain-based business website Trade Arabia has reported Al Dhafra is scheduled to begin commercial operations in the second quarter of 2022. That would represent only a marginal delay from the original two-year timescale stated in March, when the original date set for opening final price bids was postponed because of Covid-19-related public gathering restrictions in the UAE. When implemented, the solar farm will be the largest PV plant in the Middle East.
TheÂ 1.17 GW Sweihan solar parkÂ under construction by Indian engineering, procurement and construction company Sterling and Wilson in the emirate of Abu Dhabi holds the regional crown at present as itÂ entered commercial operation in July.
This article was amended on 28/04/20 to reflect the Al Dhafra tender is for 1.5 GW of capacity, rather than 2 GW, as previously stated. The copy has also been amended to state Trade Arabia is based in Bahrain, rather than the UAE.