The Middle East, and the Gulf in particular, has been home to record low solar tariffs in recent years. Major projects are being awarded via tenders, with prices gradually closing in on a remarkable 1 USDct/kWh. Of course, this is no coincidence due to the region’s favorable solar conditions: availability of cheap and sunny desert land, low labor costs, cheap project financing, supportive tax regimes, large projects benefitting from economies of scale, well designed tender structures, and decreasing PV component prices.
If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?
Utility DEWA has announced the first 300 MW of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park will be commissioned next month, with the first stage of the fourth phase due to arrive two months later.
The new facility is expected to be connected to the emirate’s water network this month.
The trade show will be held from October 5-7 under the auspices of the Covid-delayed global trade fair.
Details are thin on the ground as yet, but Emirati newspaper The National has reported the port facility will be linked to an 800 MW solar field at the site.
The latest set of clean energy statistics compiled by the International Renewable Energy Agency signal a changing of the guard when it comes to clean power, with legacy hydropower facilities overtaken by new intermittent renewables.
Masdar is launching a pilot green hydrogen project in the United Arab Emirates. In a recent conversation with pv magazine, two company officials described the project and explained how the hydrogen will be used for road transport, aviation and shipping in Masdar City.
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