Developers submit revised proposals for 1.5GW Abu Dhabi solar project
Bidders have resubmitted revised proposals for the planned 1.5GW Al-Dhafra photovoltaic (PV) solar project in Abu Dhabi.
The five bidders submitted revised proposals on 1 March, according to sources close to the project.
Energy & Utilities reported in February that bidders had been asked to submit revised proposals, which included significant additional information and clarifications, for the Al-Dhafra independent power producer (IPP) project.
The following five bidders had submitted original proposals on 21 November:
- Acwa Power (Saudi Arabia)/ Shanghai Electric (China)
- EDF (France)/ Jinko Power (China)
- Engie (France)/ AlFanar (Saudi Arabia)
- Softbank Energy (Japan)/ Eni (Italy)
- Total (France)/ Marubeni (Japan)
According to sources close to the project, the client is planning to announce the tariff and select the preferred bidder in mid-March.
The project will involve the financing, construction, operation and maintenance of the solar plant under a long-term power purchase agreement. The successful developer will form a special-purpose vehicle (SPV) company in partnership with Ewec. The successful developer will own up to 40 per cent of the SPV, with the Abu Dhabi government to hold the remaining 60 per cent stake.
The project will be Abu Dhabi’s second major PV solar scheme.
In February 2017, the emirate awarded a contract to a consortium led by Japan’s Marubeni Corporation and China’s Jinko Solar to develop a 1,177MW PV solar IPP at Sweihan, the world’s largest single-site solar project. The Sweihan IPP was fully commissioned in June 2019.
Register here to find out more about Abu Dhabi's solar plans and the rest of the region's clean energy ambitions at Middle East Energy 2020, 3-5 March in Dubai World Trade Centre (DWTC).
Energy & Utilities - Middle East and Africa Market Outlook Report 2024.
This must-have report for industry players offers a thorough understanding of the latest developments, challenges, and opportunities in the region, supported by data, analysis, and expert insights.
E&U Podcast
Subscribe to our Market Talk podcast for the latest on the key issues and trends in the energy and utilities sector
