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IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs

5-10% annual decline in tariffs estimated for the next decade

29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]

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Concentrated solar, molten salt storage featured in next phase of Dubai green energy project

Khaleej Times: The fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, that Dubai Electricity and Water Authority (Dewa) is building, will have the largest energy storage capacity in the world of 15 hours on completion, allowing for energy availability around the clock. The 950MW 4th phase is the largest investment project in […]

December 1, 2020 Read More →

Financing complete for 900MW fifth phase of massive Dubai solar park

Arabian Business: Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Shuaa Energy 3 is the special purpose vehicle incorporated for the project, with 60 percent ownership by the Dubai Electricity and Water Authority […]

September 4, 2020 Read More →
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IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs

5-10% annual decline in tariffs estimated for the next decade

29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]

Saudi solar solicitation attracts ultra-low bids, with prices at $0.016/kWh

PVTech: Some of the world’s top green energy players have tabled ultra-low bids under the second round of Saudi Arabia’s renewable energy programme, set to contract 1.47GW all in all. The kingdom’s Renewable Energy Project Development Office (REPDO) recently identified the firms and consortia shortlisted to develop a slew of solar projects across the country, […]

April 7, 2020 Read More →

Trade group expects strong growth in Middle East, North Africa solar capacity

ESI Africa: According to the latest report from the Middle East Solar Industry Association (MESIA), 2019 proved to be a record-breaking year for global solar installed capacity, which reached an estimated 617.9GW. The Annual Solar Outlook Report 2020 outlines the exponential growth of solar in the MENA region, achieved mainly due to tremendous cost declines […]

January 17, 2020 Read More →

UAE’s ‘Sustainable City’ provides green oasis in the desert

Reuters Foundation News: DUBAI, Oct 28 (Thomson Reuters Foundation) – Fenced off by a wall of trees, about 20 km from the high rises towering over Dubai’s city centre, there lies a small solar-powered settlement aiming to become a green oasis in the desert. Renowned for its glitzy skyscrapers, air-conditioning-blasting shopping malls and indoor skiing […]

October 29, 2019 Read More →

Solar prices fall to new record low in Saudi-led bid for 900MW Dubai project

Renew Economy: A consortium led by Saudi Arabia-based ACWA Power has reportedly lodged a world record low price bid of $16.953 ($A25) a megawatt hour for a 900MW solar park in Dubai. The bid – reported by infrastructure journal IJGlobal – is one of two record low offers made by the two consortia still competing […]

October 10, 2019 Read More →

Oil-rich Gulf nations getting serious about adding solar

PV Magazine: The oil-rich nations that make up the Gulf Cooperation Council are racing to get more solar generation capacity into the development pipeline. Having just commissioned the 1.18 GW Noor Abu Dhabi project – believed to be the largest single PV facility in the world – the Emirates Water and Electricity Company of Abu […]

September 13, 2019 Read More →

Dubai to use solar generation to power pumped hydro facility

PV Magazine: The Dubai Water and Electricity Authority (DEWA) has revealed it will use output from its 5 GW Mohammed bin Rashid Maktoum Solar Park to provide energy for a newly tendered 250 MW pumped-storage hydroelectric power station at Hatta, an inland exclave of the emirate of Dubai in the United Arab Emirates. The new […]

August 20, 2019 Read More →

Dubai solar bid ties record low at 2.4 cents/kWh

PV Magazine: The Dubai Water and Electricity Authority (DEWA) has announced that Phase IV of its 5 GW Mohammed bin Rashid Maktoum Solar Park, originally planned to deploy 700 MW of CSP capacity, will now also include a PV section of 250 MW. The power utility also said that the PPA it awarded to Saudi […]

November 6, 2018 Read More →