Marubeni-Jinko bid lowest for 350MW Sweihan solar project in Abu Dhabi

Companies submitted record low bids for the 350 megawatt solar photovoltaic (PV) project in Abu Dhabi, beating out the latest world record set in Chile, according to the Abu Dhabi Water and Electricity Authority.

Adwea’s procurement arm received six bids for the upcoming PV plant in Sweihan, with an Asian consortium consisting of Japan’s Marubeni and Jinko Solar of China coming in at 2.42 US cents per kilowatt hour (kWh) followed by Abu Dhabi’s Masdar, EDF and PAL at 2.54 cents per kWh.

The next bids were 2.59 cents per kWh from Tenaga and Phelan Energy; RWE/Belectric at 2.91 cents; JGC, First Solar and Sojitz at 3.08 cents and Kepco, Q Cells and GSE at 3.63 cents.

As an alternative bid, Marubeni and Jinko submitted an offer to expand the plant to 1,170MW at an offer of 2.30 cents, according to sources who did not want to be named.

However, it is important to note that these submissions do not mean that the project has been awarded as authorities will now evaluate the proposals to ensure thoroughness and economic viability.

lgraves@thenational.ae

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