(Yicai Global) July 29 -- A Chinese-Saudi Arabian consortium has won the bidding for the fifth stage of the world's largest solar power project in Dubai, the Shanghai Observer reported, without disclosing the amounts involved. 95/MWh that's among the lowest ever seen in the sector. A consortium of Saudia Arabia's ACWA Power and the Gulf Investment Corporation was named preferred bidder for the fifth phase of the Mohammed bin. . Dubai Electricity and Water Authority (DEWA) has awarded a major contract to Abu Dhabi-based Masdar for the construction of the 1,800MW sixth phase of Mohammed bin Rashid Al Maktoum Solar Park. The project, with an LCOE of EUR 0. 015/kWh, will cost up to AED 5. The solar park is planned to reach 5 GW by the end of. . The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world based on the Independent Power Producer (IPP) model.
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