The 900-MW fifth phase of the park is expected to come online in Q2 2021 and will power 270,000 homes, offsetting 1.18 million tonnes of carbon emissions annually.
Based on the independent power producer (IPP) model, Acwa Power in partnership with Gulf Investment Corporation (GIC) won the bid with a tariff of $1.6953 cents/kWh, establishing a new global benchmark for solar energy.
The low off-taking price requires a minimized LCOE, which poses tremendous challenges to inverter solutions. Sungrow's upgraded 1500V turnkey solution to be installed is an ideal match for this landmark project.
The project is a vital part of the strategic agreement forged recently between Shanghai Electric and Sungrow, a key player in the renewables sector which has a regional unit in Dubai.
Shanghai Electric President Cao Min said: "The solution offered by Sungrow fits our demand very well. The high-efficiency and cost-saving solution, proven delivery capability and prompt service have made them a preferred partner for our growing list of assets."
Acwa Power, as the lead developer of the project, has utilized Sungrow inverters in its recent projects including a 500 MW Ibri II project in Oman.
"We're proud to be a part of another fabulous project in the Mena region. This will pave the way for more opportunities and facilitate the local decarbonization at large," said James Wu, Vice President of Sungrow.
"We strongly believe that innovation will never cease even during the Covid-19 pandemic," he added.
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