France’s EDF and China’s Jinko Power Technology have finalized financing for the 2 GW Al Dhafra PV2 project. The array will sell electricity to Emirates Water and Electricity Co. at a price of $0.0135/kWh.
The Dubai Water and Electricity Authority will use energy from the gigawatt-scale Mohammed Bin Rashid Al Maktoum Solar Park to provide a new hydropower plant with pumped storage capacity. The state-owned utility has announced a number of innovations for the project in recent months, including plans for hydrogen and large-scale storage capacity.
The conformity assessment scheme is expected to spur development of solar distributed generation. PV installations up to 5 MW have currently access to net metering.
The EPC firm will build the PV plant with the lowest cost ever registered for solar power in the world. The project is being developed by JinkoSolar, Marubeni and ADWEA.
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