MBR Solar Park Phase 6
MBR Solar Park Phase 6 - a Solar Independent Power Producer in UAE. Capacity 1.8 GW. Winning consortium: Masdar. LCOE: USD $0.0162/kWh. Status: Construction.
- Country
- UAE
- Procurer
- DEWA
- City / region
- Saih Al-Dahal, Dubai
- Capacity
- 1.8 GW
- Status
- Construction
- LCOE
- USD $0.0162/kWh
Winning consortium
Masdar - equity: DEWA 60% / Masdar 40%
Procurement timeline
- RFQ: Jun 2022
- RFP: Dec 2022
- Bid submission: Jul 2023
- Preferred bidder: Aug 2023
- Commercial close: Q4 2023
- Financial close: Feb 2024
- PCOD: 2026
Prequalified bidders
23 PQ · 2 final bids
- Masdar
- ACWA Power
- EDF
- Marubeni
- TotalEnergies
- JinkoPower
- Engie
- Sembcorp
Runner-up bidders & tariffs
- ACWA Power
Financing
- Capex: USD 1.5 bn
- Debt: USD 1.2 bn
- Lenders: StanChart, SocGen, MUFG, Mizuho, SMBC, CACIB, Natixis, FAB
- Tenor: 29-yr soft mini-perm
Technical scope
Process: Bifacial + trackers
Lowest LCOE in MBR park history. First MBR phase single-sponsor
Notes
23 EOI; 2 priced bids.
EPC contractor: China Energy Engineering / PowerChina
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.