Dubai has narrowly missed out on reclaiming the title of getting the world’s most cost-effective solar photovoltaic (PV) energy, after receiving bids for the newest section of an enormous solar park on the desert outskirts of the town.
Saudi Arabia’s Acwa Power submitted a tariff of simply 1.6953 U.S. cents per kilowatt hour (kWh) for the 900MW fifth section of Dubai’s Mohammed bin Rashid Al Maktoum (MBR) Solar Park, in accordance with a report by the Middle East Economic Digest. That units a brand new report for unsubsidized solar PV manufacturing, within the area a minimum of. Nevertheless, it’s nonetheless just a little means wanting the 1.654 cents/kWh achieved in Portugal earlier this year.
The Dubai authorities have delighted in repeatedly setting new data for earlier phases of the MBR Solar Park and so they could also be disenchanted to have fallen simply quick this time. A fastidiously-worded statement from the government-owned utility, DEWA, earlier this week claimed they’d, nonetheless, set a brand new world report for a PV solar plant based on the impartial energy producer (IPP) model.
The MBR Solar Park is designed to be the biggest single-website solar energy facility on the planet and may have a complete capability of 5GW by 2030. It is just four years because it was arrange, however its brief historical past exhibits simply how rapidly solar power costs have tumbled.
In 2015 the primary part of the ability was launched, with a 200MW PV solar plant developed for a then-file tariff of 5.85 cents/kWh. A brand new document was set for the second, 200MW section at 5.6 cents/kWh. In June 2016, that benchmark was crushed for the 800MW third part, with a worth of 2.99 cents/kWh – the primary time a solar mission had are available below three cents/kWh.
The fourth section of the park noticed the worth drop once more, to 2.4 cents/kWh for the 250MW PV component – an additional 700MW in that section is predicated on costlier photo voltaic applied sciences together with Concentrated Solar Energy.