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Shuaa Energy 1 IPP

Shuaa Energy 1 IPP

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

    49%

  • OFFTAKE CONTRACT

    PPA-BOO 25 years

  • OPERATOR

    NOMAC

  • OTHER INVESTORS

    DEWA (51%)

  • EPC

    Spain’s TSK Electronica y Electricidad

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