PVTIME - Sungrow, the global leading inverter solution supplier for renewables, announced that the Company partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, illustrating its efforts in supporting Dubai Clean Energy Strategy 2050 and lowering the MENA region's carbon footprint.
The 900 MW fifth phase of the park is expected to be online in Q2
2021 and will power 270,000 homes, offsetting 1.18 million tons 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 USD 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
The project is a vital part of the strategic agreement forged
recently between Shanghai Electric and Sungrow. "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," commented Mr. Cao Min, President of Shanghai Electric.
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. We strongly believe that innovation
will never cease even during the COVID-19 pandemic," said James Wu, Vice President of Sungrow.
With the local branch established in Dubai,
Sungrow continues to make big moves with inverters installed in
landmark plants. The latest 1H financial report shows a 55.57%
year-on-year growth in revenue while the cumulative installations
reaching 120 GW as of June 2020, indicating the Company's robust momentum.