Abu Dhabi Power Corporation (ADPower) has announced what it says is the lowest-ever cost-competitive tariff for solar PV – energy generated by the world’s largest solar park, the 2GW Al Dhafra Solar PV project.
The project has received the world’s most cost-competitive tariff for solar PV energy, set at AED4.97 fils/kWh (USD 1.35 cents/kWh) on a Levelized Electricity Cost (LEC) basis, which is approximately 44% lower than the tariff set three years ago on the ‘Noor Abu Dhabi’ project – Abu Dhabi’s first large-scale solar PV project and a world record tariff-setter at the time.
The Al Dhafra Solar PV project will have the capacity to power approximately 160,000 households across the UAE. It will be almost double the size of the approximately 1.2GW Noor Abu Dhabi solar plant – amongst the largest operational solar PV plants in the world – which commenced commercial operations in April 2019.
Once operational, the Al Dhafra Solar PV project will lift Abu Dhabi’s total solar power generation capacity to approximately 3.2GW. This will reduce the Emirate’s CO2 emissions by more than 3.6 million metric tons per year – equal to removing around 720,000 cars from the road – improving efficiency and driving sustainability, while catering for the growth in demand across the UAE.
Jasim Husain Thabet, CEO of ADPower, said “Abu Dhabi has illustrated a remarkable step-change in the way the Emirate generates power through an enhanced focus on sustainability and renewable technologies. The water and electricity sector intends to play a critical role in meeting the target of having 50% of Abu Dhabi’s energy needs served from renewable and clean energy sources by 2030, as well as the reduction of the generation system’s average carbon intensity by more than 70%, compared to 2015.”
“The Al Dhafra Solar PV project will play a critical role in delivering these ambitions, and we look forward to working with our partners to deliver this landmark project.”
The Al Dhafra Solar PV project will include the financing, construction, operation and maintenance of the solar plant, including installation of solar PV modules, inverters, connection to the transmission network and associated facilities.
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