China Machinery Engineering Corp (CMEC) announced in a statement that it has secured a contract to build the 2-GW Al Dhafra Solar photovoltaic (PV) project in Abu Dhabi.
The value of singed contract is $1 billion.
CMEC scope of works includes design, supply, construction, warranty, operation and maintenance of the huge solar complex and supporting facilities.
The Project completion period is 22 months.
Al Dhafra Solar PV IPP will be the world’s largest single-site solar power plant, using approximately 4 million solar panels to generate enough electricity for approximately 160,000 homes across the UAE.
The project will be located approximately 35 kilometers from Abu Dhabi city.
Earlier during July 2020, UAE’s The Emirates Water and Electricity Company (EWEC) awarded the project to a consortium led by Abu Dhabi National Energy Company (TAQA) and Masdar, with partners EDF and JinkoPower. (read more)
The financial close of the project was completed during December 2020 (read more)
Earlier in 2020, the competitive bidding for the project led to one of the most competitive tariffs for solar power, set at AED 4.97 fils/kWh (USD 1.35 cents/kWh). (read more)
Upon financial closing, the price was further improved to AED 4.85 fils/kWh (USD 1.32 cents/kWh), primarily driven by hedging and financing cost improvements, in addition to other optimization efforts.
The plant will deploy the latest in crystalline, bifacial solar technology, which will enable the plant to provide more efficient electricity by capturing solar irradiation from both the front and backside of the panel. U
Once the project is in full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tons per year, equivalent to removing approximately 470,000 cars from the road.
TAQA will own 40% of the Al Dhafra project, while the remaining partners Masdar, EDF Renewables and JinkoPower will have a 20% stake each.
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