DEWA V: Rejigging the solar math

In:

Renewables

Region:

Middle East & Africa

Max Thompson

Managing Editor

Dubai Electricity and Water Authority (DEWA) pulled in record low tariff offers this month for its latest 900MW solar PV scheme – DEWA V. But there is no promise from DEWA of a sovereign guarantee backing the project in the tender document. So how did bids go so low?

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