The Dubai Electricity and Water Authority (DEWA) has signed a deal with Abu Dhabi-based Masdar Group to procure 800 megawatts of solar electricity at a cost of 2.99¢ per kilowatt-hour.
Phase III of the Mohammed bin Rashid Al Maktoum Solar Park will go into service in 2020, adding to 213 MW of solar capacity already in operation or under development, CleanTechnica reports.
DEWA recently announced a fourth phase of the project that will add another gigawatt.
“The phase III tender set a record for lowest-ever solar PV tariff globally at that time,” CleanTechnica notes. “The Masdar-led consortium beat the phase II winning bid of 5.84¢/kWh with a bid of 2.99¢/kWh.”