REC is set to bid in Dubai's third tender for 800 MW at the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai.
The Norway-based, Chinese-owned company with operational headquarters in Singapore has partnered with asset management and investment company Viridis Holding in submitting an expression of interest to the Dubai Electricity and Water Authority (DEWA), which last month invited developers to bid on the third phase of the Mohammed bin Rashid Al Maktoum Solar Park.
REC and Viridis said they intended to submit "a competitive bid" for a part of the remaining 800 MW at the solar park. The move, REC, added, further supports its commitment to the Middle East and specifically to the Dubai solar market after opening its regional office in the emirate in 2013.
The Mohammed bin Rashid Al Maktoum Solar Park will have a total capacity of 3 GW when completed and is expected to dramatically alter the solar landscape of the region.
As the power authority of Dubai, DEWA has increased its renewable energy target, pledging to source 7% of its energy needs from clean resources by 2020 and 15% by 2030.
"Dubai benefits from high irradiation levels, making solar quite competitive, said Luc Graré, RECs senior VP for Europe, the Middle East and Africa. However, the best profitability analysis is useless if the solar panels are not performing as they should for at least 25 years due to the regions harsh climate conditions.
Graré stressed that RECs high-quality products, long-term experience and German engineering expertise equipped it with the necessary know-how to implement efficient, long-running and reliable solar installations that can withstand the heat and sandstorms that exist in Dubai. He added that the companys offer would be on a competitive level backed by sustainable financial stability.
RECs recent installations and projects include one of the worlds largest and most advanced solar test facilities in Dubai as well as the first privately financed large commercial rooftop installation in the emirates free zone. The Dubai International Airport has also utilized REC solar panels in a rooftop installation on one of its terminals.