MBR Solar Park Phase 2
MBR Solar Park Phase 2 - a Solar Independent Power Producer in UAE. Capacity 200 MW. Winning consortium: ACWA Power + TSK. LCOE: USD $0.0584/kWh. Status: Operational.
- Country
- UAE
- Procurer
- DEWA
- City / region
- Saih Al-Dahal, Dubai
- Capacity
- 200 MW
- Status
- Operational
- LCOE
- USD $0.0584/kWh
Winning consortium
ACWA Power + TSK - equity: DEWA 51% / ACWA 41.65% / TSK 7.35%
Procurement timeline
- RFP: 2014
- Bid submission: 20 Nov 2014
- Preferred bidder: Jan 2015
- Commercial close: 2015
- Financial close: 2015
- PCOD: Mar 2017
Prequalified bidders
24 PQ · 10 final bids
- ACWA + TSK
- First Solar
- Masdar consortium
- Marubeni
- FRV
- Sky Solar
- SunEdison
- 6 more
Runner-up bidders & tariffs
- First Solar (2nd) - USD $0.0698/kWh
Financing
- Capex: USD 330 M
- Debt: USD 245 M
- Lenders: FAB (FGB+NBAD), UNB, Standard Chartered
- Tenor: ~24-yr mini-perm
Technical scope
Process: CdTe thin-film, fixed tilt
Global-record tariff at 2014 bid - 20% below previous
Notes
Shuaa Energy 1 SPV. First MBR Solar Park IPP.
EPC contractor: TSK (CdTe thin-film, 2.3M modules)
Sources
Open the full Solar IPP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.