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Germany : REC set to BID for 3RD tender at the mohammed bin rashid al maktoum solar park in Dubai
Publish Date : 10-Oct-2015
REC, the largest European brand of solar panels, and Viridis Holding, an asset management and investment company, have jointly submitted an Expression of Interest to the Dubai Electricity and Water Authority (DEWA).
Together, they intend to submit a competitive bid for a part of the remaining 800 megawatts (MW) at the Mohammed Bin Rashid Al Maktoum Solar Park. This strategic move further supports RECs commitment to the Middle East and specifically to the Dubai solar market after opening its regional office in 2013 in Dubai.
DEWAs most recent tender is part of the impressive 3,000 MW Mohammed bin Rashid Al Maktoum Solar Park, which once completed, will dramatically alter the solar landscape of the Middle East. As the power authority of Dubai, it has upped its renewable energy target, pledging to source 7% of its energy needs from clean resources by 2020, and 15% by 2030.
Commenting on the strategic move, Luc Grar, Senior Vice President EMEA at REC, says, Dubai benefits from high irradiation levels, making solar quite competitive. However, the best profitability analysis is useless if the solar panels are not performing as they should for at least 25 years due to the regions harsh climate conditions. With RECs high-quality products, long-term experience and German engineering expertise, REC has the know-how to implement efficient, long-running and reliable solar installations that can withstand the heat and sandstorms that exist in Dubai. We are pleased to contribute our demonstrated expertise on a competitive level backed by sustainable financial stability.
In addition to RECs long track record in the region, recent installations and projects include one of the worlds largest and most advanced solar test facilities in Dubai, as well as the first privately financed large commercial rooftop installation in Dubais free zone. Furthermore, RECs solar panels have been installed on the rooftop of a terminal at Dubai International Airport.
