MBR Solar Park Phase 4 (CSP+PV)
MBR Solar Park Phase 4 (CSP+PV) - a Solar Independent Power Producer in UAE. Capacity 950 MW. Winning consortium: ACWA + Shanghai Electric + Silk Road Fund. LCOE: USD $0.0730/kWh. Status: Operational.
- Country
- UAE
- Procurer
- DEWA
- City / region
- Saih Al-Dahal, Dubai
- Capacity
- 950 MW
- Status
- Operational
- LCOE
- USD $0.0730/kWh
Winning consortium
ACWA + Shanghai Electric + Silk Road Fund - equity: DEWA 51% / ACWA 25% / Silk Road Fund 24%
Procurement timeline
- RFP: 2017
- Bid submission: Aug 2017
- Preferred bidder: Sep 2017
- Commercial close: 2018
- Financial close: 25 Mar 2019
- PCOD: 2024 (final tower)
Prequalified bidders
- ACWA + Shanghai + Silk Road
- Marubeni/JGC
- Masdar/EDF
- Engie + SolarReserve
Financing
- Capex: USD 4.3 bn
- Debt: USD 2.6 bn
- Lenders: ICBC, BoC, CCB, Agricultural Bank China, Silk Road Fund, StanChart, Natixis
- Tenor: 27-yr mini-perm
Technical scope
Process: Hybrid: 600 MW parabolic trough + 100 MW tower (262.4m, world tallest) + 250 MW PV. 15h molten-salt storage
World-record CSP tariff $7.3c (CSP), $2.4c (PV). Largest single-site solar investment globally
Notes
Noor Energy 1 SPV. 35-yr PPA (vs 25 standard). SolarPACES 2024 Innovation Award.
EPC contractor: Shanghai Electric (CSP) + GE/Abengoa (CSP tech)
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.