Dubai Set To Hit Record-low Middle East CSP Price On Its First Project

Précis:

Dubai Electricity & Water Authority (DEWA) is eyeing a globally-competitive tariff of around $80/MWh for its first-ever CSP project, due to high investor confidence in local banking markets and global pricing pressure from growing project pipelines, experts told CSP Today.

The Dubai state utility plans to issue a Request for Proposals (RfP) for a 200 MW solar tower plant before the end of 2016, after selecting a consortium led by KPMG Lower Gulf to advise on the tender.

The CSP plant is to include 8 to 12 hours of thermal energy storage and be built by 2021 within the Mohammed bin Rashid al-Maktoum Solar Park.

DEWA’s target price of around $80/MWh is around half that signed for ACWA Power’s Noor III tower project in Morocco, set at $163/MWh in 2015.

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Image Caption & notes

Image Caption:

Global CSP prices have fallen heavily since SolarReserve commissioned the Crescent Dunes plant in 2015. (Image credit: SolarReserve)