January 20 (Renewables Now) - The 800-MW third phase of the Mohammed bin Rashid Al Maktoum solar plant in Dubai will enter its operational stage in April, the Dubai Electricity and Water Authority (DEWA) announced on Saturday.
Abu Dhabi Future Energy Company PJSC, also known as Masdar, and EDF energies Nouvelles are building the 800-MW phase in three stages. The first 200 MW became operational in May 2018, with a further 300 MW following in August 2018.
Overall, the photovoltaic (PV) complex is expected to reach 5,000 MW when fully operational in 2030 and is estimated to require some AED 50 billion (USD 13.6bn/EUR 12.3bn) in investments. There are currently five announced phases with a combined capacity of 2,863 MW, including both photovoltaic (PV) and concentrated solar power (CSP) components, and about 1,013 MW of that is expected to be operational by April 2020.
By using the Independent Power Producer (IPP) model, DEWA was able to achieve a record-low Levelised Cost of Energy (LCOE) of USD 0.0299 (EUR 0.027) per kWh for the third phase, it noted.
(USD 1 = EUR 0.901)
(AED 1 = USD 0.272/EUR 0.245)