Shuaa Energy 1

OVERVIEW

This Project is a part of the Dubai Integrated Energy Strategy 2030. ACWA Power has been awarded 260MW Solar PV plant, at the lowest tariff of 5.84 US Cents/kWh over a 25-year period. This project demonstrates declining costs of Solar PV technology, making it more cost-competitive when compared to conventional energy such as natural gas.

 

The plant is the second phase of the 1GW Mohammed bin Rashid Al Maktoum Solar Park. The plant uses fixed tilt thin film technology.

 

Shuaa Video Picture (1)

KEY FACTS

  • LOCATION
    Dubai, UAE
  • OFFTAKER
    DEWA
  • POWER
    200 MW (260 MWp)
  • TECHNOLOGY
    Solar PV
  • PROJECT COST
    USD 326 Mn
  • COMMERCIAL OPERATIONAL DATE
    Q1 2017
  • ACWA POWER SHARE
    24.99%
  • OFFTAKE CONTRACT
    PPA-BOO 25 years
  • OPERATOR
    NOMAC
  • OTHER INVESTORS
    DEWA (51%)
  • EPC
    Spain’s TSK Electronica y Electricidad
  • PROJECT COMPANY
    Shuaa Energy 1 P.S.C ("DEWA PV")